VATBRIDGE

VATBRIDGE secures £50m funding line



295_2018-06-08-11-32-12am.gif
VAT bridging lender VATBRIDGE has announced that it has secured £50m of backing.

The new funding line will help VATBRIDGE plug the lending gap in the commercial property market and allow property investors to secure short-term funding to fulfil VAT liability and complete purchases.

Since its launch last year, VATBRIDGE has helped to fund a stream of property transactions, securing loans of up to £2.1m.

“Clients come to us either directly or via their brokers, often at a crisis point in their purchase, having successfully secured funding for the property itself, but unable to raise the further funds for the 20% VAT, which in the cases of larger property purchases can be substantial,” said Vincent Bull, managing director at VATBRIDGE (pictured above, left).

“To put that into perspective, we often give the example of a £200,000 VAT bill on a £1m property.”

Vincent added that its exclusive financial backing meant it could quickly agree loans with its clients of £50,000 upwards, with almost no maximum limitations.

“We’re proud to have salvaged many deals for our clients at the 11th hour.

“Our charges are reasonable and we handle the recovery of the VAT from HMRC – saving our clients time, cash flow problems and further hassle.

“Our service is simple but significant and our vision is that VATBRIDGE will reinvigorate the commercial property market.”

Also pictured above: Laurence Rutter, CEO at VATBRIDGE

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment