Secure Your Future Home with Ease
Quick Access to Your Property Sale Profits
Unlock up to 80% of your property sale proceeds before registration and cover essential expenses without delay.
Overcoming Property Sale Challenges
You’ve sold your property and have your sights set on a new home. However, it typically takes a few months for the sale to be registered in the deed’s office, and you’ll only receive the funds once the transfer is complete. But what if you urgently need access to your profits to cover expenses like a deposit, overdue rates, moving costs, transfer and bond costs and in the case of real estate agents an advance on your commission. We understand that the period between sale and transfer can be financially tight.
What Fyrecloud Provides?
What Fyrecloud provides as a solution is a short-term finance solution that is quick and easy to arrange. We can advance up to 80% of the profits due to you before registration, providing the financial relief you need during this transition period, while you focus on making a smooth transition between homes or businesses.
Why Choose FyreCloud?
If you are Selling a property
The conveyancing process to transfer property ownership and disburse the sale proceeds to the seller can take anywhere from 6 to 12 weeks. During this period, many sellers require funds in advance to cover expenses such as rates and taxes, compliance certificates, deposits on new properties, or for personal use.
If you are Buying a property
Purchasing a property with an approved bond or through the sale of an existing property usually hinges on the registration of the bond or the sale of your previous property. Typically, transfer duties, costs, and other relevant expenses must be paid upfront to the conveyancer, but the funds only become available upon registration.
Further/Second Bond
Further/Second Bond or Bond switch. Accessing funds from a further bond, second bond, or bond switch typically takes around 30 days. You may need these funds for personal use.
Advance a portion on Agent Commission
For many estate agents, commissions are their primary source of income. Delays in these payments can strain personal finances. Bridging finance offers the financial security estate agents need to manage their personal expenses.