With housing at the cornerstone of the UK’s growth strategy, many developers are keen to buy land or property with a view to creating new housing developments.

BloomSmith has delivered VAT bridging loans to support the short-term finances of companies looking to build new developments since 2015.

Here are some of our success stories.

Kenmuir Farm, Glasgow – £378,600 VAT bridging loan

In 2023, our team collaborated with Synergy Finance, DMK finance and Together to deliver a £378,600 VAT bridging loan in Glasgow.

On the deal, Tanya Elmaz, Director of Intermediary Sales at Together said: “It’s incredibly rewarding to see the success of a strong working relationship, and the collaborative effort to provide the funds in such a short timeframe is a testament to all parties involved.

“We hope to continue working with Synergy and BloomSmith; providing fast and flexible finance to help our customers achieve their property ambitions.”

Read the full case study.

Lakeside House, Staines – £1,080,000 VAT bridging loan

BloomSmith helped to deliver a £1,080,000 90-day VAT bridging loan against a large plot of land in Staines that held planning permission for a substantial property development.

On the loan, Stonegate Homes finance director Dominic Haworth said: “Working with BloomSmith has enabled us to reduce the cashflow impact of our purchase’s VAT obligation, allowing us to allocate those funds to where they can make the biggest impact.”

Read the case study.

Westhorpe House – £800,000 VAT bridging loan

In collaboration with London Finance Brokers, BloomSmith facilitated a £800,000, 90-day loan for the purchase of Westhorpe House, a Grade-II listed building spanning 31,937 square feet near Little Marlow.

Since the purchase, the property has now been transformed into 23 stunning, high-end flats.

Read the case study.

Pottery Lane, Newcastle – £1,010,300

In 2022, BloomSmith worked in partnership with Synergy finance to deliver a £1,010,300 loan for a property development in Newcastle.

Forest Mill land purchase, Nottingham – £1,000,000

In 2022, a VAT bridging loan was completed on a £5m land purchase in Nottingham.

Working alongside Carbon Funding, the team were able to facilitate a £1m VAT bridging loan that enabled the company to bridge their short-term funding while they waited for HMRC to repay their VAT.

Our VAT bridging loans

We are the UK’s leading unsecured VAT bridging loan specialist. Our VAT bridging loans are designed to assist property developers, investors, and businesses manage the significant upfront VAT costs associated with commercial property purchases.

Get your property development acquisition’s VAT funded within 48 hours of contract completion.

Indicative terms for our standard loans: 90-day term, 1.25% monthly interest rate, repaid by HMRC directly to BloomSmith.

If you would like to learn more about our VAT bridging loans, and how they might help your upcoming office purchase then you can speak to our team today, check your eligibility, or explore more below.