Capitas Finance | Barristers

Vehicle Finance

Capitas Vehicle Finance is involved in the funding, supply and management of vehicles for practicing Barristers.

When you finance your vehicle through Capitas, you not only benefit from a financial solution that’s tailored to your needs, but also the commitment of a team who are just as passionate about cars as you are. You’re free to choose the exact model and specification to suit you. Alternatively, our specialist buyers would be pleased to help source your vehicle and are confident we can improve on any discount you obtain directly. And you’ll find the same choice and flexibility in our range of financial solutions, each one designed to put you in the driving seat:

• Hire Purchase
• Hire Purchase with Balloon
• Personal Contract Purchase (PCP)
• *Personal Contract Hire (PCH)
• Vehicle sourcing

*VAT registered individuals who lease a qualifying car for business purposes can normally recover 50% of the VAT charged.

Tax liability finance

The unpredictability of tax bills can make it difficult to make adequate provisions for your annual tax liability. This can become a heavy burden on scarce cash resources, and make it hard to plan for the future.

Capitas provides specialist tax bill finance for barristers, so you can have a fixed monthly repayment to cover your liabilities. Benefits include:

• A single facility to cover January's and July's liability
• Tax relief on interest at your highest marginal rate
• Comfortable repayments over six months to five years
• Deferred repayments for up to one month
• Preferential rates for the Bar
• Fixed rate agreement allowing you to budget with certainty
• Quick, efficient credit decisions

Pension funding

Barristers regularly take advantage of tax deadlines to increase pension contributions.

Capitas can provide top up funding through the provision of a fixed rate pensions loan.

Professional Indemnity finance

Capitas can help spread the cost of your annual Professional Indemnity Insurance premiums.

Excess layer PI Insurance is often one of the single largest annual expense Barristers can have. We understand PI insurance protects you if a claim is brought against you as a result of any work you do. To this end it is an essential expense you cannot afford to be without. Benefits include:

• Turn a large upfront premium into affordable monthly payments
• Preferential rates for the bar
• Improve budget management with predictable costs
• Preserve cash and credit lines for more strategic investments
• Fixed rate agreement allowing you to budget with certainty
• Quick, efficient credit decisions

Contact Capitas today and make sure you’re covered.

Practising Certificates

The compulsory Practising Certificate fee often places additional pressure and strains on cash flow for the self employed Bar.

Capitas provides a payment plan to help spread the cost of the fee over the year. Benefits include:

• Comfortable repayments over 10-12 months
• Preferential rates for Barristers
• Unsecured lending with no requirement for additional security
• Fixed rate funding providing certainty of repayments
• Tax relief on interest
• Your agreement is not activated until payment is made to you or your insurers

Aged debt finance

As a Barrister you may experience short-term cash flow problems due to the length of time your debtors take to settle your invoices.

Capitas can provide you with immediate access to funding for your debtor book using an unsecured loan facility based on the strength of your determinable future earnings.

• Turns your unpaid invoices into cash giving you the access to the additional funds for your personal or business needs
• Terms from 6 months through to 5 years
• No more cash flow headaches, or uncomfortable conversations with your bank manager
• You retain control over your sales ledger and debtor relationships

Benefits of Capitas

Choice, quality and genuine personal service

A Barrister’s time is valuable and we never waste it. In our experience, you have a busy enough caseload without having the added hassle of arranging your financial needs. This is where we aim to assist.

Having supported bar council members since our incorporation, we understand that your needs are unique in comparison to other professions. To that end we provide asset and commercial finance solutions aimed at assisting every aspect of personal or business life.

Why should you choose Capitas as your professional financing partner?

Simply, it's because we offer you:

• Confidentiality: Clients can be assured of complete discretion in our dealings
• Tailored solutions: We cater for a highly specific market, unlike many other companies
• A pleasing experience: We've simplified the entire financing process, keeping administration and paperwork to a minimum
• Relationship management: We're a proven partner for the Bar, dedicated to your success across not just the life cycle of your personal or business investments and expenses, but the lifetime of our relationship
• Fit for purpose financing: We undertake to listen to your specific requirements and deliver products and services that meet the needs of both individual Barristers and Chambers sets.

Barristers

We recognise you’re self employed and have designed our finance solutions accordingly.

The costs of a career as a barrister are greater than ever - professional indemnity insurance, practice certificates, aged debtors all place strain on cashflow. That's where Capitas can help.

Capitas is one of the UK’s leading independent asset and commercial finance providers to the legal profession. We understand your needs and add value when it comes to terms and structure. We come to the table with innovative ideas that will not only benefit you, but will stand the test of time and be wholly dependable and sustainable through any shifts in market or economic conditions. Our broad range of financial solutions will support the following working capital, savings and expenditure requirements:

• Aged Debt finance
• Practicing Certificates finance
• Professional Indemnity finance
• Pension plans finance
• Tax Liability finance
• VAT finance
• Vehicle finance and sourcing