Bridging Loans For Inheritance Tax
Our Bridging Loan Service
Inheritance tax bill to pay?
Special features of what we offer include:
- Bridging loans from £50,000 to £25 million
- Fast finance to cover short-term liabilities such as inheritance tax
- Terms of finance from 1 month to 3 years
- Interest roll-up schemes
- Whole of market service - we work directly with UK bridging lenders
- Lowest rates - Access to leading bridging loan deals
- Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
To investigate your bridging loan options to cover an inheritance tax liability, call our team on 0117 313 6058 or fill in our call back form.
Flexible Short Term Finance
Bridging loans are a specialist kind of loan designed solely for short-term usage to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available. This type of finance can be ideal when HMRC are requesting payment of inheritance tax due on an estate and there are no short term funds to cover the liability.
The method for obtaining a bridging loan is straightforward and really versatile with a more flexible set of criteria than most high street banks. Like a mortgage, a bridging loan is secured against property or asset with the typical loan to value in the region of 70%. Howver, up to 100% bridging is possible if there are other assets that can be used in the background.
Call us today on 0117 313 6058 or complete our callback request form.
Types of bridging loans
Bridging loans come in two varieties. The first is the closed bridging loan. This is exclusively available to people who have already exchanged on a specific property and need the finance to secure it. This type of bridging loan can be easier to come by as the lender will consider the sale unlikely to fall though at this point.
The second type of bridging loan is known as an open bridging loan. This is aimed at people who have found a property they want to buy, but have not yet sold their current home. Due to the increased chance of a sale not occurring, lenders are often more reluctant to offer open bridging loans. Your chances of acceptance will be increased if you have a lot of equity in your current property.
Conditions of bridging loans
Short-term finance is more expensive than long term funding, however with the extra cost you get speed and convenience.
If you are looking at options for meeting an IHT liability, call us on 0117 313 6058 or complete our request callback form.