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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 can confirm completion has taken place and the funds have arrived successfully in to my account today. I would like to thank you for all of your help and professionalism during this process, it has been straight forward and a breath of fresh air compared to some previous brokers I have experienced, and very much appreciated. I look forward to the next time we can do business together (hopefully sooner rather than later)