PROPERTY BRIDGING LOANS
Get a portion of your commission from the property sale early instead of waiting for the transfer
Quick & Easy Estate Agent Loans
Commission Advance – If you are an estate agent or property broker and have sold a property, up to 80% of the sale commission, brokers commission, agents commission due to you, can be advanced within 24 hours of the letter of undertaking being issued by the transferring attorney, that the sale transaction or purchase transaction is secure and will proceed.
Principal Authority – Commission advance on, agents commission, brokers commission or selling agent commission needs the principle of the agency to agree to the bridging. An estate agents bridge or to bridge estate agents is quite common and can be paid out within 24 hours of the undertaking by the transferring attorney being signed
House sales com advances are quick and easy. Commission advance for real estate agents also need the estate agency principal to sign permission to bridge the agents commission.
Funds in Advance
Commission bridging for estate agents through New Heights Finance enables property brokers to secure funds in advance of property registration and property transfer.
Up-front commission loans attract fees. You will be quoted a bridging fee rate before you have to sign the loan agreement. Borrowing against agents commission is quick and easy.
What this means to you: CASH IN HAND.
TRANSFER DUTY ADVANCE & RATES AND TAXES LOAN
RATES AND TAXES ADVANCE:
If you have sold a property and there are outstanding rates and taxes delaying the transfer, these can be settled on your behalf by way of a bridging loan against the property sale proceeds.
A Rates and Taxes Clearance Certificate must be issued before registration of the property can take place. Get a bridging loan to settle rates. Get bridging finance to settle rates.
TRANSFER DUTIES ADVANCE
These costs need to be paid upfront to the conveyancer but the funds will only become available upon registration.
If you have been approved a bond, and the bond amount includes the cost of transfer duties, a cash advance to pay the transfer duties will eliminate delays on bond registration.
Alternatively, if you have sold your previous property, an amount can be advanced to you from the proceeds of the sale.
THE BELOW FORM ONLY APPLIES TO ABOVE PRODUCT. PLEASE ONLY SUBMIT THE FORM ONCE AND CHECK YOUR INBOX FOR A CONFIRMATION EMAIL.