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Legal finance

We provide tailor-made loans specifically for solicitors, lawyers, barristers and judges.

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Legal finance designed to help your business succeed

Our legal finance solutions are designed for all areas of the profession from sole practitioners to large multi partner firms, whether you are looking to grow your practice or simply inject cash into your business.

We understand the financial pressures that can arise within your profession. We recognise the need to protect your assets and plan for the future ensuring that your cash flow is healthy whilst safeguarding any existing credit lines.

Law Society of Scotland Strategic Finance Partner

In partnership with the Law Society of Scotland. The Law Society of Scotland is the professional body for over 12,000 Scottish solicitors and was established in 1949. They have an overarching objective of leading legal excellence, and strive to excel and to be a world-class professional body, understanding and serving the needs of their members and the public. They set and uphold standards to ensure the provision of excellent legal services and ensure the public can have confidence in Scotland’s legal profession.

SAIF Independent Funeral Directors

Legal finance agreement types

Our range of Leasing, Hire Purchase and Loan products allow for fixed monthly repayments enabling you to budget with confidence whilst enhancing your cash flow.

    Hire Purchase allows outright ownership of the asset and enables you to spread the cost over a term that suits you.

    • Expenditure may be allowable against taxable profit within your Annual Investment Allowance in the year of purchase to the sum of £1,000,000
    • Easier cash flow budgeting as repayments are fixed
    • Capital preservation - existing funds can be used elsewhere
    • Interest charges can be offset against profits for taxation
    • Outright ownership on completion of the agreement

    If you want to maximise the use of your equipment without the responsibility of owning it, leasing will give you the freedom and flexibility you need.

    • Easier cash flow budgeting as repayments are fixed
    • Capital preservation - existing funds can be used elsewhere
    • No upfront deposits required
    • Protection of existing credit lines, making any further borrowing easier
    • Fixed payments - tailored to suit your individual circumstances
    • Tax efficient - repayments may be offset against taxable profit
    • Up to date equipment - be ahead of your competitors

    When buying into or starting up a new business, you may need to borrow funds to support the purchase or invest in renovation.
     
    Business loans can be used for:

    • Case acquisition finance
    • Refurbishment projects
    • Capital injection / release
    • Buy in / buy outs
    • Aged-debt and Block fees
    • Disbursements
    • Equity
    • Practising certificates
    • PII Premiums
    • Chambers refurbishment 

    Tax loans permit you to spread the cost of your tax demand into affordable monthly payments.

    Benefits of a tax loan:

    • Control of cash flow
    • Fixed monthly payment
    • Faster Payments
    • Protects existing bank facilities
    • Quick and simple to arrange
    • Flexible repayment terms
    • HMRC receives funds on time

    A personal loan is a form of borrowing that can be used for virtually any purpose which is both easy and convenient and allows you greater flexibility.

    Personal loans can be used for purposes such as:

    • Tax bill funding
    • School fees
    • Home improvements
    • Weddings
    • Holidays

    If you have a number of existing agreements, credit card balances and other regular finance overheads, a consolidation loan may be the way forward.

    Benefits of consolidation and refinancing:

    • Combines finance commitments
    • One monthly payment
    • Term of agreement to suit
    • Simplifies cash flow
    • Improves budget control

    VAT loans allow you to spread the cost of your tax liability into affordable monthly payments.

    Benefits of a VAT loan:

    • Take the pressure off working capital
    • Smooth cash flow peaks and troughs
    • Fixed monthly payments
    • Quick and simple to arrange
    • Can be paid directly to HMRC

    Typical uses for finance in the legal profession

      Our IT finance solutions ensure that the applicable tax advantages are taken into consideration when looking at the funding you require. All related costs can be combined under one agreement, offering easier management of your cash flow.

      IT finance can be used for:

      • Updating hardware / software
      • New monitors, keyboards and mice
      • Scanners / photocopying machines
      • Tablets and iPads
      • Operating licences and renewals
      • IT system installation
      • Training
      • Maintenance

      We are experienced in all aspects of new and used vehicle finance. We can help you upgrade your existing vehicle, buy an additional car or a fleet for your business and we can provide a finance package, incorporating balloon payments or refinancing, whatever your circumstances require.

        Vehicle finance can be used for:

        • Buying a second car
        • Change of existing vehicle
        • Purchase of a classic car
        • Purchase of a fleet of vehicles

        Contact us today

        Find out how we can help you today.

        Get in touch

        Legal finance client testimonials

        Having used your company for several years for Income Tax Funding, I just wanted to say how much I appreciate your efficient and cost-effective service, which is provided with an absolute minimum of fuss.

        Andrew Kingston

        Solicitor, Hull

        I can honestly say that the service from Braemar is exceptional. The speed and responsiveness is first class and you always feel that progress is being made.
        Recently we asked about a short term unsecured professional loan. The whole thing was done and dusted with money in our account within two weeks! Braemar is now always our first port of call for urgent funding.

        San Chima, Partner

        Adams Solicitors, London

        Braemar have always been helpful and a pleasure to deal with, not to mention offering excellent rates for business finance.

        Tom Creed, Finance Director

        London Acumen Business Law

        I am very impressed and grateful for how promptly my application has been dealt with, so thank you for that.

        Simon Lukies, Director

        One Plus One Accountants