Rapid HMRC Liability Resolution for a Private Bank Client

The Challenge
A private bank approached us with a long-standing landed client facing an urgent £750,000 HMRC liability after delaying engagement with HMRC. Speed was critical to avoid penalties, and the security structure required careful consideration across both land and property assets.

Our Approach
Working closely with the client and the bank, we identified and hived off an appropriate parcel of land alongside a portfolio property to create a robust security package. We agreed a blended structure of 75% LTV on the property and 50% LTV on the land. Titles were swapped in collaboration with the bank, and our solicitors offered dual representation to streamline the process.

The Outcome
Terms were issued for a 12-month facility, and HMRC were immediately given comfort. The transaction completed in just three weeks, including valuation. Significant HMRC penalties were avoided, and the private bank retained a highly satisfied client.