Play Video

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

Follow the money

Business moves in cycles. I believe that we are entering a positive period for real estate investors, developers and funders and so don’t want the content of this article to be viewed as negative. On the contrary, what I’m trying to do is highlight opportunity. I like to think I have a strong sense of what the average UK consumer, and therefore the businesses that serve them likes. Before investing into BloomSmith my business was working with two million FCA regulated customers who had difficulty in meeting small personal payments. We all sometimes forget that behind the suppliers to retail businesses (for example in the property industry) there is always a dependency, ultimately on the consumer.

We were buying the pub and hotel from Enterprise Inns . With the short term VAT to pay on the purchase and SDLT as well we welcomed BloomSmith’s involvement in our transaction. They helped us structure the deal, the legals were simple and the senior lender was happy as they required no legal charge. There are no other lenders in the market who will work with you at 120 % LTV like this.

Ready to hand cash flow ensures the next deal and the next profit. BloomSmith's funding of our VAT leaves us free to get on and do what we do best: trade property.

We had been due to fit out our new vacant building in SW London as soon as we completed but the VAT cashflow meant we were forced to delay this until the VAT returned several months later. This delayed occupation meant we had to continue paying rent, rates and service charges on the existing premises as well as the costs and mortgage charges on the new building that was left standing empty.

Our company trades property. The money locked up with HMRC could have been the key to our next deal. Having recently completed on a property worth up to £1.5million the VAT bill of £300,000 meant we lost out on an auction bid.

The most reliable VAT lender in the market.