What is an Special Purpose Vehicle (SPV)?

A special purpose vehicle (also known as SPV) is where by a company is set up that is used to represent the individual borrower and/or any other potential investors, for the acquisition of the property. In some cases, it can be beneficial to use a SPV to help alleviate taxes and minimise risks.

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I’ve just heard from my solicitor that he has the funds in from Interbay, had paid off our mortgage and is sending the balance on to me, which means that finally this is all over and  I can move on.  Thank you all so much for your help in arranging the mortgage, I am sure that my future plans will involve needing to arrange finance, and I will happily come back to you again.

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