Property Credit (Vendor Pay Later)

Modified on Wed, 09 Aug 2023 at 02:04 PM

What is it?

Sellers and landlords can easily access funds to cover transaction costs or unlock equity for cash flow needs. Property Credit offer a range of products which include;

  • Property Advertising Credit

  • Pre-Sale Property Improvements

  • Equity Release Credit

What are the fees?

A single monthly fee of 1.5% calculated on the borrowed amount.

How can vendors apply?

Advertising Pay Later Funding

Applying for the Pay Later option is easy and there is no need to create an account or “pitch” the pay later option, it is simply a payment option on the marketing invoice.

STEP 1 > The marketing invoice from the CRM system will have a PAY LATER option for the Vendor. 

STEP 2 > The Vendor simply needs to complete the application and they will receive instant approval

STEP 3 > The Property Credit team will transfer the funds into the @realty trust account (usually in the same day, may take up to 1 business day)

STEP 4 > The Funds are paid back to Property Credit when the Property is sold. If it is withdrawn from the market the Vendor is still required to pay back the funds.

If you are unable to produce an invoice or there is an issue, then the below link can be used: 

Home Improvements Funding

If the sellers would like to access funds for renovations, please contact head office and we will arrange an application with the Property Credit Team.

How can it be used for lead generation?

By marketing to your database you can promote ZERO $ UPFRONT MARKETING. Contact the Marketing Team to receive marketing materials.

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