Frequently Asked Questions
Who gives me the loan?
AWe have various lenders that offer different financing solutions. Some are JV partners, some are independent businesses some are institutional lenders. We try to find the right solution and company to assist you.
In the end we believe that you are interested in finding a funding solution as quickly as possible and that is what we focus on. You may therefore be contacted by our associates.
How long does it take
Some loans like Pension Bridging and Sellers Proceeds take 24 hours from when all docs are signed and credit has approved.
Others like property Equity Release can take 10 working days or longer.
Mezzanine Finance can take two weeks or more.
What are the costs?
Each type of Bridging loan has a different cost structure. The lender/s will discuss costs with you once you have submitted the online enquiry form.
May I submit more than one application?
Yes, if you feel that the alternative solution/s applies to your financing need.
How do I get feedback?
All feedback from us is by email. Please communicate with us by email.
Will an ITC check be done?
Yes, the first step in all applications is to do a Credit Bureau search.
If I am declined is that the end?
Some products have alternative solutions so ask our consultant to see if another way is possible.
Will I be approved?
This is always a difficult question to answer without all the facts. It is best to present all the facts as per our checklists, so that a quick assessment can be made.
If I am blacklisted can I get a bridging loan?
This is not a reason for an automatic decline BUT it does not make loan approvals easy to secure. The nature of the bureau listing will be considered and approval is at the sole discretion of the lender.
If I do not pay back the loan what happens?
Listings at bureaus, legal costs, eviction, financial sanctions etc are serious matters.
Please do not even consider entering into a loan agreement if you are not convinced you can pay it back.
Resources
Resources & Articles For Managing Your Finances
Is Equity Release Right for You? Understanding the Pros and Cons
For South African homeowners, property often represents their most significant asset. But what if you could access the wealth built up in your property without having to sell? Equity release provides a way to unlock those funds, offering financial flexibility for...
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