Vector Professions Finance

Aged Debt

Why not enhance your cash flow through Vectors’ Aged Debt Funding Division? (subject to status). Aged Debt Funding could unlock tied up capital quickly and efficiently.

Popular uses include: Tax Bill Funding, Debt Consolidation, Personal Expenses, Film Partnerships, Enterprise Zone Trust Schemes, Property Deposits, Reducing Mortgages, Holiday Home Funding, Pension Top Ups, Home Improvements, School Fees/Nursery Fees, Chambers Free Hold Acquisitions. The loan can be fixed at competitive terms.

Term available: 12 – 60 months (Subject to status) Popular terms fall within the above range which could tie in with your individual budgets and forecasting. However, we aim to offer flexibility if a longer term is required.

Minimum loan value: £10,000 (Subject to status)
Maximum loan advance 75 % of Aged Debt (Subject to status)

Unsecured Facility (Subject to status)
Not secured against aged debt.

Junior tenants considered (Subject to status)
For practice development loans

Revolving credit (Subject to status)
Flexibility offered throughout the loan cycle
Second applications can run co-terminus with original agreement

Funding facility also available for Chambers (Subject to status)
The aged debt funding product could be used for Chambers as an entity as an alternative to the bank

Underwriting decisions within 48 hours (In usual circumstances)
Each deal assessed on an individual merits basis by experienced underwriters

Confidential and professional service
Dedicated team who understand your niche market

Here’s what some of our happy clients have said:

Your loan gave me peace of mind – thank you. Such a straight forward application process

So much faster than my bank. Thank you for your prompt and courteous service.

I wish I had used your valuable and vital service earlier. Refreshing to deal with a company that understands barristers.

Case Study: Junior to Silk Transition

A family law practitioner was delighted to have achieved Silk status however was not so delighted with the prospect of a 6-12 month temporary reduction in gross fee income during the transition period. An Aged Debt Loan provided continued financial stability through the process. Many clients also consider adding the Silk application fee to the loan.

Case Study: Acquisition of Chambers Freehold

A criminal practitioner was acquiring a share in chambers premises structured through a pension. An Aged Debt loan provided the capital to cover the associated costs structured in an easily manageable and potentially tax efficient manner.

Case Study: Tax Bill Funding

A high earning junior with an Aged Debt of £350,000 and a tax bill of £100,000 to pay with some overdraft headroom available. On balance, the client preferred to fund the bill through an Aged Debt Loan with the advantage of leaving the overdraft for contingency and the day to day running of the practice and the potential of being able to offset the interest element of the loan against tax.

Reduction of Overdraft

A family law practitioner funded their tax bill through their overdraft. An aged debt loan was used to clear the overdraft leaving the bank facility for contingency and the day to day running of the practice. The loan also provided peace of mind as the monthly instalments were affordable and augmented cash flow.

Fast Track Funding

Need help? Call our team on 0845 500 1666

Vector Professions Finance is acting as a credit broker not a lender. Vector Professions Finance do not provide financial or tax advice –please check with your IFA/Accountant

Registered Office, 82 St John Street, London, EC1M 4JN. Kingsley Lighton Ltd t/as Vector Professions FinanceRegistered in England & Wales No.4284890

Applications are subject to status,terms and conditions and qualifying criteria apply . Vector Professions Finance act as Financial intermediaries. Vector Professions Finance are finance brokers and are not the lender. Authorised and regulated by the Financial Conduct Authority

The guidance and /or advice contained within this website is subject to the UK regulatory regime and is therefor targeted at customers based in the UK.

You voluntarily choose to provide personal details to us via this website.Personal information will be treated as confidential by us. Kinglsey Lighton Ltd are GDPR compliant. You Agree that such personal information may be used to provide you with details of services and products in writing by email or by telephonex.

Vector Professions Finance are acting as a credit broker. We have relationships with a limited number of potential funders. We are able to introduce you to one of these funders but are not impartial and cannot provide independent advice to you as to the suitability of finance which may be provided by those funders. We recommend you should ensure you have considered what alternative finance options are available le to you elsewhere before any agreement [subject to credit approval ]is signed. Vector Profession Finance will receive a commission payment from the funder if a finance agreement is signed. The commission will be a percentage of the amount financed [ to be determined on and subject to credit approval ] Please tick Yes to indicate you wish to proceed.

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