Vatbridge provides VAT funding for Scottish property purchase

Vatbridge has provided VAT funding for a property purchase in Carnbroe in North Lanarkshire, Scotland.

A company required the funds to help ease its cash flow, having already purchased two pieces of land just outside of Glasgow for apartments to be built upon.

The specialist lender was able to fund the £72,000 VAT costs after the £432,000 land purchase and processed the funds in two-and-a-half weeks.

“The client came to [us] wanting a VAT bridging loan for land that he had purchased in Scotland,” said Ian Boots, general manager at Vatbridge.

“During this deal, Vatbridge liaised daily with their solicitors in order to assist our client with his company cash flow.”

Vatbridge recently became a wholly owned subsidiary of Houston-based Brightlane.

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