Proplend said that this is a short-term loan for a property investor where the property being purchased is elected for VAT. The borrower pays the VAT to HMRC and makes a simultaneous VAT rebate claim.
Source: p2pfinancenews.co.uk
Proplend said that this is a short-term loan for a property investor where the property being purchased is elected for VAT. The borrower pays the VAT to HMRC and makes a simultaneous VAT rebate claim.
Source: p2pfinancenews.co.uk
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