Bond Gallery, in association with our partner Rodel Financial Services, offers homeowners and homebuyers a Bridging Finance product that is geared to provide a short-term advance of YOUR money while waiting for:
- the sale of your house to be concluded and the profit from the sale;
- the second bond on your current home to be registered;
- the formalities to be concluded when you switch bonds and receive any surplus cash;
- the registration of your new home recently bought.
With Bridging Finance, you get the financial certainty of knowing your money is available right away. Although, this could take up to 3 months before the profits from the sale of your house will be paid to you. This can be a serious setback if you are waiting for funds to pay a deposit, pay outstanding rates and taxes, or need cash to settle any debt.