Bloomsmith LTD

it's all about cashflow. the vat on a property purchase is a major additional equity requirement, as mortgage banks are no longer offering loans above 60% ltv (in most cases). in addition to 40% of the purchase price in equity, and 60% from a lender, finding another 20% for vat, which takes three months to come back from hmrc, can be a significant problem. this devastates cash flow for property buyers, and has a heavy impact on other business activities and decisions. bloomsmith is ready to help. bloomsmith history.... bloomsmith was created to provide a financing solution to meet vat payment needs relating to land and property transactions. a considerable number of land and property sales are subject to the standard rate of vat at 20%. without vat funding, the cash required for a purchase, with a typical mortgage in place is 49% greater than with vat funding provided by bloomsmith. banks today have much stricter lending rules and limits than before 2009. the loan to value ratio (ltv)