Selling your property can be an exciting time, but the wait between accepting an offer and receiving the final payout can be stressful. This gap, often referred to as the property sale gap, can disrupt your financial flow, especially if you’re relying on the proceeds to move forward with your next purchase. Bridging finance after sale agreed offers a solution by providing you with a cash advance on the profit from your property sale even before the transfer of ownership is finalised.
What’s the Difference Between Sale Completion and Transfer Completion?
It’s important to clarify the difference between these two terms. Sale completion refers to the stage where the buyer and seller have signed a legally binding agreement for the property sale. Transfer completion, however, marks the final legal handover of ownership to the buyer. While these terms are sometimes used interchangeably, there’s a slight gap between them during which the conveyancing process finalises.
Bridging finance after sale agreed bridges this gap by providing you with immediate access to a portion of your profits before the transfer of ownership is finalised . This allows you to manage your finances effectively during this transitional period.
Are you considering bridging finance after sale agreed?
Here are some common myths debunked:
Myth 1: Bridging Finance Will Negatively Impact My Credit Score
Reality: While a credit check is part of the application process, Future Finance considers a wider range of criteria when assessing your eligibility for bridging finance after sale agreed. This includes the value of your property and your exit strategy, typically the transfer completion and repayment of the loan.
Myth 2: The Application Process is Complex and Time-Consuming
Reality: Future Finance’s streamlined application process is designed for speed and efficiency. We understand the importance of receiving funds quickly during the property sale gap. Our online application is straightforward, and our team is available to assist you throughout the process.
Myth 3: There Are Hidden Fees Associated with Bridging Finance
Reality: Transparency is key at Future Finance. We provide upfront and honest communication regarding all fees associated with bridging finance after sale agreed. All costs will be clearly explained before you sign any agreements.
Benefits of Using Future Finance for Bridging Finance After Sale Agreed
There are numerous advantages to using Future Finance for your bridging finance after sale agreed needs:
- Get a Cash Advance Before Transfer Completion: Receive a portion of your profit from the sale before the transfer of ownership is finalised. This provides immediate access to funds for various purposes, such as a down payment on your next property, covering moving costs, or unexpected emergency expenses.
- Pay The Discounting Fee Pro-rata: You only pay for the funds (advance) you require and for the duration that you need them. This ensures you’re in complete control of your finances and keep more of your profit. Unlike traditional bridging loans, Future Finance’s pro-rata fee structure ensures you only pay interest on the amount you borrow and for the time you have it.
- Fast and Efficient Service: Our streamlined process ensures you receive the funds you need quickly for bridging the gap after your property sale. Future Finance understands the time-sensitive nature of property transactions. That’s why we have a simplified application process with swift approvals, often within days of receiving your complete application.
- 30 Day No-Fee Guarantee: We are committed to exceptional service. If you’re not satisfied within 30 days of application, with no defaults and accurate information provided, we won’t charge any fees for bridging finance after sale agreed. Our transparent approach means you can be confident there are no hidden costs. We’ll clearly explain all fees associated with the loan before you sign any agreements.
- Experienced Advisors: Our team of experts will guide you through the entire process and ensure you get the right bridging loan solution for your needs. Future Finance has a dedicated team of advisors with extensive experience in bridging finance. They will work closely with you to understand your specific situation and recommend the most suitable loan option.
Don’t Let the Wait Hold You Back: Unlock Your Property Profits Faster
The waiting period between accepting a property sale offer and receiving the final payout after transfer can be an obstacle. Bridging finance after sale agreed from Future Finance can help you bridge the gap and unlock your property profits faster. Our transparent approach, flexible solutions, and commitment to exceptional service make Future Finance the ideal partner for your bridging loan needs after you’ve agreed to sell your property.
Contact Future Finance today for a free consultation and see how we can help you achieve your financial goals after your property sale.
- 031 830 5205
- info@future-finance.co.za
- 2 Ncondo Place, Umhlanga Ridge, Durban
