Sunday, 22 October 2017
EASY | EFFICIENT | FAST

Property Buyers

COD BRIDGING FINANCE will provide finance to property Buyers for the payment of transfer duty and costs, either where a bond has been secured or the proceeds from a prior sale are being used to cover theses costs. These costs have to be paid upfront to the conveyancer but the funds will only become available upon registration of transfer.

What COD BRIDGING FINANCE typically requires to assess such an application:

  • Proof of finance exceeding the sale price
  • Copy of the sale agreement
  • Attorney’s Statement of Account

COD BRIDGING FINANCE will pay out when:

  • The client has signed COD BRIDGING FINANCE’s Master Discounting Agreement
  • All material conditions in the sale agreement have been fulfilled
  • 100% of the purchase price has been secured
  • On receipt of a Letter or Undertaking or bank guarantee from the transferring attorneys
  • COD BRIDGING FINANCE’s Credit team has approved the application

CONVEYANCERS / PARALEGALS:
WE TAKE THE ADMINISTRATIVE BURDEN AWAY BY COMPLETING THE PAPERWORK FOR YOU!

SIMPLY PROVIDE US WITH THE RELEVANT INFORMATION / DOCUMENTATION REFERRED TO IN THE BRIDGING CHECKLIST AND WE WILL DO THE REST.