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VAT funding

BloomSmith

BloomSmith is a specialist VAT/SDLT lender providing short term funding for property and land acquisitions.

A BloomSmith VAT loan enables the business to raise short term finance to cover up to 100% of the VAT due on the purchase of land or commercial property. This enables the deal to complete and the business to retain equity.

Unlike other VAT Lenders, BloomSmith are able to fund without the need for a legal charge and all the time/costs associated with that in terms of Property DD or agreeing Deeds of Priority between lenders.

They offer fast, simple, effective funding solutions for investors, developers, brokers, commercial estate agents, accountants, lawyers and insolvency practitioners.

The BloomSmith structure and collaboration with HMRC enables swift repayment of the loan.

Free Demo Available

Free Demo Available

Interested to understand how Practice Portfolio could benefit you and your clients?

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How It Works

Loans provided by BloomSmith are unsecured so that have no material impact on mortgage debt or security.

Borrower provides

  • property address
  • purchase price
  • anticipated completion date
  • buyers / solicitors information

Next, BloomSmith will

  • issue briefing letter
  • await solicitors undertaking
  • assign funds
  • complete transaction
  • deal with all HMRC matters
Free Demo Available

Free Demo Available

Interested to understand how Practice Portfolio could benefit you and your clients?

circled white checkmark Supported by 1000's advisers
circled white checkmark Free & Easy Set-Up
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