Partners:

Conveyancers

Hammond Pole Attorneys   
011 874-1800      
CeliaP@hammondpole.co.za

L G Gouveia Attorneys
011 432 8846
info@lggattorneys.co.za       

Bridging Finance :
Rodel
031 303 7722
charnell@rodel.co.za

Bridging Finance:

eBonds, in association with our partner Rodel Financial Services, offers homeowners and home buyers a Bridging Finance product which is geared to provide a short-term advance of YOUR money:

• while you wait for the sale of your house to be concluded and the profit from the sale;
• while you wait for the second bond on your current home to be registered;
• while you wait for the formalities to be concluded when you switch bonds and receive any surplus cash;
• while you wait for the registration of your new home recently bought.

With Bridging Finance, you get the financial certainty of knowing your money is available right away, as it can take 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 on the next home, pay outstanding rates and taxes or need cash to settle debt before taking transfer of your next home.

Rodel will require:

• A copy of the final bond grant
• A confirmation of cession of all the existing and future commission, as well as an undertaking from the bond originator (this is sent to Rodel directly from the bond originator) This is drafted by Rodel
• Rodel will advance a maximum of 80% of the commission due to the aggregator on any specific transaction.
• Rodel charges a discounting fee of 0.150 % per day based on the Rand value of the amount advanced. There are no admin charges or VAT.