The Property Trader

Sensitivity: Timing & Cash Flow

VAT was identified as applicable at a very late stage in this transaction, after the exchange of contracts. The trader was already fully stretched in terms of funds whilst the mortgage lender was unable to go higher on the LTV. BloomSmith provided a fast track facility and covered the full amount of the VAT. No further charges to the property title were required, allowing the transaction to go through successfully and saving the client from losing their deposit.

Contact us and get things moving: VAT@bloomsmith.co.uk or 020 3488 3411