With the new tax year fast approaching, how can bridging support your 2018/19 financial goals?

It’s that time of the year again – 6 April marks the start of the 2018/19 tax year in the UK. As such, the weeks preceding the beginning of April are an ideal time to become familiarised with the latest round of tax reforms, and maximise tax-efficient saving opportunities. Unlike previous years, the reforms coming into force are minimal, with slight changes to Universal Credit, the minimum wage, council tax and Support for Mortgage Interest.

But now is not only the time to review changes to fiscal regulation; for entrepreneurs seeking new business opportunities and investors looking to consolidate and expand their existing property portfolio, the beginning of the new tax year is also an important time to set new financial goals. Over the past 12 months, the UK has experienced a snap General Election resulting in the formation of a hung parliament, a rise in the base rate of interest by the Bank of England to 0.5%, and ongoing Brexit negotiations. Importantly, despite these challenges, investors have remained resoundingly positive in their outlook – in January 2018, Lloyds Bank revealed that investor sentiment increased for the fourth month in a row to 9%, according to its investor sentiment index.

To support borrowers and those in need of funds to take advantage of short-term investment opportunities, Market Financial Solutions (MFS) has been leading the way with tailored finance solutions. By offering versatile and flexible bridging loans, we have constantly provided our network of borrowers and brokers with the fast capital needed to act.

Over the coming tax year, entrepreneurs and small companies seeking to complete lucrative business opportunities can use bridging to secure the funds needed to close a deal on time. For example, MFS recently provided a bridging facility to help a client complete a business expansion opportunity. This client intended to act on this opportunity by selling one of their buy-to-let properties, but a delay in the sale meant that they would not have access to the necessary funds in time. By working quickly and efficiently, MFS provided a tailored bridging solution that ensured the client did not miss out on the expansion opportunity, with exit provided upon the eventual sale of the existing buy-to-let property.

This is just one example of the versatile uses of bridging loans in helping those requiring fast finance. To find out how bridging can support your financial strategy in the 2018/19 tax year, be sure to get in contact with one of our underwriters today.

bridging loan for auction properties

Contact us

Speak to us on the phone, via chat or email about your case, however complex it might be. We have a friendly, dediciated team and one of our underwriters will be happy to help you with your query. We will try our best to say yes to you, instead of finding a reason to say no.

Discover more Articles

Menu