VAT Funding

Fast, simple, effective commercial property solutions

For developers, investors and owner-occupiers, brokers
For estate agents, solicitors, accountants and their clients
No 2nd legal charge required

Have you planned a VAT funding solution for your development project?

This month new Government legislation has been issued, effective 1st September 2021, enforcing significant change to the use classifications for commercial property and land.

Classes A1, A3, B1 and D2 will be discontinued and replaced with a new use Class E ‘Commercial Business and Service’. This allows for switching between operations within the same use class and will not require planning permission. For example, office to gym, retail to restaurant will be possible without the need for planning permission. We understand that additional permitted development rights legislation is also emerging with the intention of revitalising town centres and development demand.

free up your cash flow

VAT on commercial property purchases can be devastating for cash flow.

Our unique, unsecured, VAT bridging loans allow you to cover the VAT element due - without tying up capital.

There's no charge on your property and no impact on mortgage debt or security.

quick decisions
no hidden charges

A VAT Facility Letter of Offer is issued, the client then refers their solicitor to ours, and our standard simplified loan agreement is prepared for signature.

Once the conditions precedent process is completed, 100% of the VAT payment is transferred to the client's solicitor.

our process in practice

We've worked with owner-occupiers, small developers, large developers, solicitors, accountants and other advisers. We've arranged loans throughout England, N Ireland, Scotland and Wales. We've arranged Shari'ah-compliant loans. We've been involved from the start of transactions and also arranged loans at the last minute.
To see BloomSmith in action...

an experienced team

With backgrounds in real estate, debt financing and lending, our people bring a wealth of experience to everything we do together.

Our experience includes having bought, sold and funded commercial property and land. We know the challenges involved and the importance of speed in any property transaction.

bloomSmith's funding at work....

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