Bridge loan - Southern Africa ( Simple Quick Loan )

Bridge loan - Southern Africa ( Simple Quick Loan )

Southern Africa

In South African regulation immovable property is transferred using a system of
registration in public places registries known as Actions Offices. 5 6 Provided the
delays resulting in the transfer process, many individuals in property
transactions require use of funds which will or else only become
available about the day that the transaction is registered within the relevant
Deeds Office.

Bridging boat loan companies provide finance that produces a bridge between
the participant's immediate income requirement and the ultimate
entitlement to funds on registration within the Deeds Office. Bridging financial
is typically not supplied by banks.

Various forms of bridging finance can be found, depending on the
participant within the property transaction that demands finance. Sellers of
set property can bridge product sales proceeds, estate agents link estate
agents' commission, as well as mortgagors bridge the profits of further or change
bonds. Bridging finance can also be available to settle exceptional property
taxes or municipal accounts in order to pay transfer duties.