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| Wednesday 10th of March 2010 |
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Seller’s proceedsSold your property? Looking to access your proceeds before registration? Genrand can assist. We can bridge up to 80% of your proceeds enabling you to tap into your proceeds/profits faster.Rates and TaxesWhen selling your property you need to settle outstanding rates and taxes outstanding on your property in order for the transfer to be concluded. Genrand can assist by providing you with bridging finance for these expenses. Transfer duty & CostsA buyer of a property can bridge costs and transfer duties of a transaction by contacting Genrand. We can provide you with the required funds which eliminate delays in the transfer. BondsGenrand can advance up to 80% to you on a further bond or a bond switch to another bank. Estate Agent’s commissionIn the current difficult market this product helps Estate Agents to unlock commissions due faster. Genrand can advance up to 80% of the net commission due to an Agent before registration of a sales transaction. Pension
Bridging:
If
your
pension is due to be paid out and you need to
bridge the proceeds thereof, we can in most cases, assist with an
advance
of up to 80 % of the pension value, subject to certain conditions. Due
to very
strict lending criteria which is governed
by the new Credit (and other) Acts, the time to process
applications can be up to 10 working days. Please allow for this when
applying
for this facility. We
will do
whatever we legally can to get an approval
for you. However the following categories of clients cannot be assisted
: · Defaults/ judgments / adverse accounts
· Admin Order · Other pension bridging loans on same policy · Bad credit history ·
Debt
Counselling Apply for Bridging Finance quickly and easily using our confidential and secure online application form. >> Apply Online Now |
Apply for Bridging Finance quickly and easily using our confidential and secure online application form.
>> Apply Online Now
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BFASA was formed first & foremost to ensure the long-term sustainability of the 'Bridging Industry' in the current & future economical environment. This will be achieved by amongst others, participating in Financial Industry discussions & forums, and creating an environment within which Members can share valuable information, as well as promoting ethical & socially responsible conduct by our members >> learn more |
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