fbpx

Mortgage Advice Experts

Menu
  • Home
  • Videos
  • Mortgage Calculators
  • Residential
    • Mortgage Deals
    • First Time Buyer
    • Remortgage
    • Right to Buy Mortgage
    • Bad Credit Mortgage
    • Self Employed
    • High Income Multiple
    • Help To Buy Mortgage
    • Gifted Deposit
    • Foreign Nationals
    • Debt Consolidation
    • Equity Release
    • Close
  • Buy to Let
    • Buy to Let Mortgage Deals
    • Buy to Let Tips
    • BTL 80% Loan to value
    • Buy to let Remortgage
    • Let to Buy
    • HMOs
    • Buy to Let with Bad Credit
    • Limited Company
    • Portfolios
    • Holiday Lets
    • Ex Pats
    • Rent to Family Memeber
    • DSS Tenants
    • Into Retirement
    • Foreign Nationals
    • Inherited Property
    • Close
  • Bridging Loans
    • Commercial Mortgage Tips
    • Bridging Loans Explained
    • Why use Bridging Finance
    • Bridging Finance Rates
    • Auction Finance
    • Auction Finance Rates
    • Non Standard Commercials
    • Development Finance
    • Close
  • Protection
    • Will Writing Service
    • Probate Services
    • Close
  • Testimonials
  • About Us
    • Why Niche Advice
    • Our Fees
    • Testimonials
    • Blog
    • Join our Team
    • Privacy Notice
    • Terms and Conditions
    • Close
  • Contact Us
You are here: Home / Mortgages / Mortgage to pay a tax Bill / Finance for tax bills in 2019

by Payam Azadi

Finance for tax bills in 2019

Need to pay a Tax bill in 2019, we might be able to help.

Corporation tax finance

Finance for tax bills is an sector we help with increasingly. It’s perhaps unsurprising the finances for tax bills have increased as the Government has increased property income tax and removed the ability to pay them by credit card. Also in the coming month’s tax on dividends is likely to accelerate to monthly, quarterly or half-yearly accountability to HMRC rather than being annual.

Finance for tax bills can come in all shapes and sizes: income tax, land and property tax, dividend tax, salary and corporation tax to name a few.

The Finance lenders response to raising money by a finance for tax bills is fairly consistent:

  • First Charge Mortgage Lenders: most do not want to get involved.
  • Second Charge Mortgage Lenders: generally more relaxed.
  • Short Term Finance Lenders: generally restricted to business tax such as corporation tax.
  • Unsecured loans can also help fund certain types of tax bills

At Niche Advice we are able to help provide finance for tax bills from all 3 camps. It goes without saying that the First Charge Finance Lenders will generally lend more and at better rates so this would probably be our first port of call unless you current finance is on good terms.

The 5 most important considerations when considering finance for tax bills are:

  • Enlist the services of a Finance Professional
    Choosing a Mortgage and Finance Broker that is experienced in finance for tax bills that can offer a range of solutions either first, second or short-term financing (such as Niche Advice) – not all can.
  • Outstanding tax liabilities
    Again, lean on an experienced Mortgage and Finance Broker used to organising finance for tax bills as they are more likely to be able to improve your chances of finding a Finance Lender that does no tinsist on all tax liabilities being paid up-to-date.
  • The right lender
    Select a Finance Lender that allows finance for tax bills. Not many do, and some prefer business tax rather than the personal tax due to regulatory restrictions.
  • Don’t delay / wait for January
    If you are looking at paying your 2017/8 tax bill then you must act now. Don’t be fooled that the release of money will be quick. Finance Lenders that lend on finance for tax bills processes are labor intensive rather than automated like a Halifax or Santander. They have to be as the risk is greater and every case needs an Underwriter to look at it.
  • Legacy tax bills
    If the tax bill is a hangover from three or four years ago then the difficulty of achieving a positive outcome on finance for tax bills increases massively. Why? Well, the Mortgage Lenders think you may be a person that buries their head in the sand – and will be concerned you may apply the same approach to their mortgage payments.

Niche Advice is Mortgage Broker that can support applicants looking for finance for tax bills. We are a success based only charging a fee once the mortgage has been fully agreed and funds are released.

Let us help you
For more information please complete the Contact form on this website or call T: 0207993 2044. And, do it now if 31st January is the deadline as every processing day lost will add to the chances of disappointment.
Enquiry form

For more information on the subject of Mortgage to pay a tax Bill please click here 

Payam Azadi

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
Twitter Facebook Linkedin

Filed Under: Mortgage to pay a tax Bill

Proud to be sponsors

Mortgage broker awards

Contact Us

Our Fees

Why Niche Advice

Mortgage Deals

Tools / Calculators

Latest News / Blog

Payam Azadi

UK Mortgage for Asylum Seekers on a Refugee Visa

Asylum seekers on a refugee visa Mortgage options from the Experts This article is aimed at mortgages for Asylum seekers on a Refugees Visa who are … [Read More...]

Payam Azadi

Mortgage for Foreign Students on a Tier 4 Visa

Mortgage options for Students on a Tier 4 Visa in the UK This article is aimed at foreign students on a Tier 4 Visa who are in the UK who are … [Read More...]

Payam Azadi

Declined Buy to let mortgage due to background property portfolio stress test

The background property portfolio stress test is stopping borrowing more There could be a variety of reasons why you've been turned down for a … [Read More...]

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

Our Fees

Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

Terms and Conditions

If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

Site Terms and Conditions
Customer Privacy Notice

niche youtube

CONTACT NICHE ADVICE
Tel: 020 7993 2044

Registered Office: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG. Registered in England & Wales. Company registration number: 06599033.

Members of The Financial Intermediary & Broker Association - Number SBS36389

logo

© 2022 · Niche Advice Limited · Site Designed by Niche Advice Design Team

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}