Due to the nature of the conveyance process, getting the money from the sale of your property can take longer than you think. DAEL FINANCE will provide you with bridging finance while you wait for the process to be finalized
Discounting Of Sellers Proceeds
DAEL FINANCE will provide you with up to 75% of the Net equity available to you on registration. In order for us to assist, we will need to ensure that the full purchase price is secured and that all conditions have been met.
Rates & Costs
In order for your transaction to materialize, rates and taxes owed on your property as well as certain other costs will have to be paid prior to registration. If you have equity available from the sale of your property, bridging finance can used in order to pay for those costs.
If you have applied for a new bond, or are switching bonds, DAEL FINANCE can provide you with an advance on the proceeds of your bond.
Estate Agent Commission
If you’re a registered agent, DAEL FINANCE can provide you with advanced payments on your commissions. Our rates are competitive.