VAT BRIDGING LOANS
MADE SIMPLE
The smart solution for the financing and recovery of VAT due on commercial property and development land transactions.
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Loans from £50,000 to £10 million
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No maximum LTV%
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Interest charged on a daily basis, subject to 30 day minimum
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Loans to trading and SPV limited companies, limited liability partnerships and pension fund trustees (SIPPs and SSAS)
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Same day illustrations
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Completions in as little as 5 working days
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90 day standard loan term (max term of up to 150 days available)
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Option to re-finance VAT paid on recently completed transactions
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Managed VAT recovery
HOW IT WORKS
Our Loan Process
1.ILLUSTRATION
Our process usually starts with a telephone conversation with the Borrower, or their broker, and within 1 hour Bridging Vat will have issued a VAT loan illustration clearly showing the full cost of the loan and a "What Happens Next" Guide explaining the loan process.
2.OFFER LETTER
An Offer Letter is our acceptance in principle that Bridging Vat will advance a loan. The Offer Letter provides a clear indication of the cost of the loan and the information needed for Due Diligence.
3.DUE DILIGENCE
The Bridging Vat Due Diligence process is simple and streamlined, usually completed within 5 working days. Loans rarely fail Due Diligence, the process confirms information gathered during the initial telephone call.
5.COMPLETION
At Bridging Vat we aim to make completion stress free and with no surprises. Funds are provided to the borrower's solicitor, on the day before completion held to order subject to completion of the borrower's purchase.
4.LOAN DOCUMENTS
Bridging Vat use standard loan documents, issued by our solicitors to the Borrower's solicitor with completion instructions. Our solicitors will agree an Intercreditor deed if required.
6.VAT RECOVERY
Following completion our focus switches to recovering the VAT as quickly as possible. As VAT agent Bridging Vat can submit the borrower's VAT return and discuss the recovery directly with HMRC.
CASE STUDIES
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