FUNDING OF ENDOWMENT
Is your client’s transfer being delayed or held up as they do not have the liquid funds to pay the endowment in order to obtain rate clearance figures?
Often client’s have an approval from the city council to sub-divide their property, but never went ahead as the payment of an endowment was required and were either unwilling or unable to fund such amount. Now that they have sold their property, the city council still wants the payment. Often the owner still does not have access to such funds.
Simply contact Prevance Capital who will quickly provide you with the necessary requirements to obtain the funding in order to pay the endowment. Provided there is sufficient equity in the property being sold and the standard requirements are met, once the standard agreement has been signed and the necessary attorney undertaking provided, payment can be swiftly made to the conveyancing attorney in order to pay the amount to the relevant city council and get the transfer underway without further delay.