What is Bridging Finance?
Bridging Finance is a facility that will alow you to access a protion of your equity or futher boind proceeds as soon as confirmation of garatees are given by us to the attorneys.
This means that the purchasers or sellers can have access to cash before the registration and transfer process has been completed. The seller is able to use the funds to pay outstanding rates and taxes. The purchaser can use the funds to pay the transfer fees so that the process is not delayed.
Bridging finance is a good tool to help you out of a “cash-flow” problem, like having to wait for the profit of the sale of your house to pay for the registration and transfer costs of your new home.