Low cost finance, giving sellers affordable payment options
A major concern for many estate agents is the financing of Home Information Packs, knowing that expenses such as searches and energy reports have to be paid for in advance. While some vendors may be prepared to bear these costs up front, in many cases estate agents will be faced with having to finance the costs themselves and will only be recompensed when the property sells. This will almost certainly have a negative effect on cash flow, particularly if the property does not sell quickly.
Surehome offers a low-cost financing facility that gives sellers a loan to cover the costs of their pack in advance.
There is no need for the seller to repay anything for nine months, whilst the property remains on the market. During that period, the property should sell and the proceeds will repay the outstanding loan as part of the settlement process.