VAT Bridge Loan
A VAT Bridge Loan is a short term loan used to cover the VAT payment due, currently 20%, upon the purchase of a VAT registered property. It is usually redeemed within 4 months when the VAT is reclaimed from HMRC.
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VAT Loan Criteria
Direct access to decision makers meaning terms in days and funding in weeks
VAT Funding and Recovery
When looking to purchase a commercial property which has been elected for VAT, then not only are you paying the purchase price plus stamp duty, but VAT at 20% of the total price is also due.
Understandably, this can have a significant effect on your cashflow, especially as within a period of approximately 4 months you are able to recover the VAT element paid.
Whilst many lenders offer commercial mortgages and bridge loans, there are only a few specialist lenders who offer VAT Bridge loans. They are specialists in both commercial property and in VAT lending and recovery process.
Proplend offers a fully managed VAT lending solution, not only do we facilitate the loan to cover 100% of the VAT due at purchase, but then the nominated VAT Agent will work on your behalf to recover the VAT paid from HMRC to redeem your loan.
- a total managed solution for funding and recovery of VAT
- advances up to 100% of the VAT due to HMRC
- same day offers
- post completion a fully managed VAT recovery process
Worth taking a few minutes to find out if we can help? Call on 0203 637 8418 or email [email protected]
“Having been left in the lurch by a VAT lender who was unable to complete on the deal, we were very stressed. Proplend came in and delivered the full £1,800,000 needed to fund the VAT extremely quickly in an almost seamless admin process. I am extremely impressed at the level of service and professionalism at Proplend. ”
― Matthew, London, Property Finance Broker