VAT funding for residential property developments
Fund the VAT of your property or land purchase with BloomSmith
Residential property development VAT loans
VAT funding for your residential property development project within 48 hours
If you’re looking to purchase a property or piece of land with the objective of creating a new housing development on the site, then you may have found that you have to pay VAT on your acquisition.
This additional payment can be a substantial financial headache, creating cash flow challenges and opportunity costs for your business.
Our unsecured VAT bridging loans on commercial property acquisitions are a crucial way of injecting short-term liquidity into your business while you wait for your HMRC return.
VAT loans start from £50,000 and mean you can focus your time and financial resources on delivering your next high-quality housing development.
See if you qualify for a loan, explore our 90-day interest rate calculator to get a feel for the costs involved or contact our team today.
What information is required for a VAT loan?
We require just six key pieces of information to transact a loan:
- The property address
- The property purchase price
- The VAT chargeable on the purchase
- Confirmation that it is an empty commercial property (or land) that has been elected for VAT or is being charged
- The name of your newly formed SPV’s name (which is set up outside of a group structure)
- The completion date
If you do not have a readily available Special Purchase Vehicle, we can provide off-the-shelf SPVs.
Once we have received all of this, we will send out a Briefing Letter, create your contract with terms based off the briefing letter and proceed to completion.
You can receive your funds within 48 hours of legals connecting.
Success stories
We have a great track record of delivering VAT bridging loans for property developers. Check out two of our recent case studies, here.
About BloomSmith
We are the leading experts when it comes to delivering unsecured VAT bridging loans for commercial property acquisitions.
Since launching in 2015, BloomSmith has delivered VAT funding against more than £250m worth or property.
Our partnerships with the likes of Shawbrook Bank and the top 100 law firm Fladgate LLP also mean we are one of the UK’s most trusted VAT bridging lenders.
Our processes and finances are also audited quarterly, providing transparency and confidence to our borrowers.
To learn more about BloomSmith, follow the links below or speak to our team today.
