The Client
A non-UK citizen needed to raise £300,000 against their £1M+ UK property to pay an urgent HMRC tax bill before the 31st January deadline.
The Challenge
- Tax Deadline: The client needed to settle the tax bill before the end of the tax year, and their funds were tied up in overseas investments.
- Complexity of Funds: The overseas funds could not be accessed until after the new tax year without incurring additional taxes.
The Solution
Under the leadership of Andre Bartlett, we secured a bridging loan with:
- Desktop Valuation: Speeded up the process and minimised costs.
- Streamlined Legal Process: The client’s solicitor acted on both sides to simplify the legal work.
- Timely Completion: The loan was completed on time, ensuring the tax bill was paid before the deadline.
The Outcome
The client avoided penalties and additional taxation, preserving their investments and meeting the tax deadline with a 0.67% monthly rate.
Why Choose Capital B Property Finance?
We understand the urgency and complexity of time-sensitive property finance. Our team’s ability to deliver fast and effective solutions ensures our clients’ needs are met, even under pressure.
Facing a tight deadline? Contact us today to discuss your bridging finance options.
