Usually transferring ownership of a property or registering a new or additional bond can take anywhere between 30-60 days.

Generally the owner only obtains access to the surplus funds from the sale or new bond at the end of this period but there are often instances when the owner may need to access funds before this takes place.

During this period, CREDIT 100 is able to provide the owner with bridging finance before registration of the sale or the new bond. To facilitate this, the owner enters into a discounting agreement whereby CREDIT 100 acquires the equity/surplus for a fixed fee and, in return, immediately pays the owner up to 80% of the value of the equity/surplus.

CREDIT 100 then obtains an undertaking from the conveyancing attorney that the equity/surplus will be repaid on registration of the transfer or the bond.