As HMRC’s duck-themed ads have been telling us, the longer tax returns are put off, the more they peck away at you. But, with the unavoidable Self-Assessment deadline on the 31st January, you may find yourselves busy with a few last-minute clients seeking options to pay their tax bills.
This happened recently with a broker who came to us when their client needed to pay his £100,000 company tax bill. After having to borrow for his divorce settlement, he needed £74,500 to repay his company. He had an £850,000 property with a £250,000 first charge.
We helped, by quickly arranging a second charge mortgage*:
- 33% rate
- £410 monthly cost
- 16 days from receiving application to completion
Second charges are commonly used for home improvements and debt consolidation – but also second properties, business loans, tax bills etc.
So, what are the key features to consider for your clients?
- Rates from 73%
- Up to 95% LTV
- Up to £2,000,000 lending
You may also be aware that HMRC have announced that they will no longer accept personal credit cards for repayment of income tax.
For more information, get in touch today to discuss your clients’ needs – drop us a line at sales@enterprisefinance.co.uk, give us a call on 020 8731 5333
Or you can click here to get a quote today.
