Property: Hitchin, Hertfordshire

VAT facility: £262,620

Loan term: 90 days

Transaction date: 26^th February 2025

This February, the BloomSmith team delivered an unsecured £262,620 Heter Iska compliant VAT bridging loan for UK Finance Group.

The loan, for a property in Hitchin, Hertfordshire, was delivered within just three days and represents a prime example of our streamlined funding model enabling fast and effective finance for clients.

Working alongside Maxim Cohen of UK Finance Group and the Jewish Lending Institute, BloomSmith were able to support a prime high-street commercial property purchase as part of a £2.4m financing package.

On the loan, Maxim Cohen said: “It was great to work with fantastic lender partners that helped my client swiftly purchase the premises.

“As always, transactions can present issues but working with professionals makes all the difference!”

Nigel Smith, BloomSmith’s CEO said: “This is a wonderful example of our VAT provision providing short-term liquidity for a client and helping them avoid significant opportunity costs that exist with overseas buyers with overseas funds.

“In-country leverage is always going to provide greater certainty for buyers.

“With ever-stricter compliance regarding international money transfers and FX fluctuations that can negatively impact on costs, smart organisations like UK Finance Group can make a big difference for their clients and we are always happy to assist.

“Delivering this Heter Iska compliant finance exemplifies the versatility of our funding model, and it was a pleasure to work with such a knowledgeable partner.”

You can also see if you qualify for a loan via our VAT Bridging Loan Eligibility Checker.