SDLT Holiday to be extended?
We still don’t know whether the holiday will be extended, but what we do know is that the current deadline is looming on the horizon, now only six-weeks away. The Government could potentially extend the current date to possibly allow further time to complete transactions and benefit from reduced tax, however we would strongly advise all clients and brokers to plan for both possible outcomes.
Whether you believe the property transaction should (?!) complete ahead of the deadline or is in danger of missing it altogether, we recommend you look at alternative options to ensure you understand the funding lines available to you should you need to complete through a short term or bridging facility.
Benefit from no obligation quotes and free initial advice from the bridging experts at Omega to ensure you complete ahead of the deadline – whenever that may actually be.
- Regulated and Non-Regulated Options
- Completion in weeks not months.
- No Early Repayment or Exit Fees
- Only pay interest on the debt utilised and not necessarily the full term
- Bridging Terms from: 0.48% per month
- Short Term Loans from: 0.25% per month
- HNW options at: 0.18% per month
Bridge to Let Options
Borrow 75% on the bridge & borrow against the improved value on the BTL exit, only one set of legal & val costs for the client.
Short Term Bridge – borrow up to 75% Gross
Exit on BTL Terms – borrow up to 80% against the new improved value
