You no longer need to wait for settlement before you can access money, as a result of selling your property. As soon as you have entered into an Agreement with a Real Estate Agent to sell your home you can now immediately access funds from VIP Cashflow.
VIP Cashflow will provide money to you before settlement is due.
Joint Venture with the VIP Home Service Group - established since 1972.
How does it Work?
VIP Cashflow can help you meet those everyday expenses that occur as a result of selling your home. If you have just sold your home and cannot wait for settlement because you have to start organizing and paying for things like:
- Rubbish Removal
- Removalist
- Storage
- Cleaning
- Painters
- Gardening etc
- The list goes on and on ...
It is basically a short term loan that is secured against your settlement. When settlement takes place your solicitor / conveyancer will simply pay us monies borrowed at settlement.
VIP Cashflow take the interest due to us upfront. For example say you want to borrow against $10,000.00 and the interest charge is 8% we will place $9200.00 into your account. When settlement occurs your solicitor / convenyancer, as part of the settlement, will direct $10,000.00 to be repaid to VIP Cashflow.
It's that simple.
What’s the Process?
Step 1: Complete an Application Form
If this is the first time you have used VIP Cashflow, you will need to complete an application form. Please fill it out and sign the application and fax it back to us with a copy of the following documents
- Copy of Your Drivers license
- Copy of Your Medicare Card
- Copy of a Recent Rates Notice
- Copy of the Front Page of Real Estate Agreement
- Copy of the most recent Mortgage Statement (if applicable)
You can submit your application form by email (info@vipcashflow.com.au) or fax to us on 1300 736 656.
Step 2: Review and Acceptance
Once we have received your application we review it and approve it (subject to it meeting our guidelines). At this moment we will conduct a credit check and other necessary checks. Once approved, we will send you a VIP Cashflow Short Term Loan Agreement and consent for caveat form. Then simply sign this and fax or email it back.
Step 3: Money in your Account
Once we have received the Short Term Loan Agreement and the Consent for Caveat form, we will then begin to register the Caveat and then once this is complete funds will be deposited into your nominated account. The upfront cost to you is subject to each loan application and this will be taken out of the Home Seller Advance Loan along with relevant interest. Once funds have been deposited you will be emailed a confirmation.
For Any questions you can contact us on 1300 736 676.
The forms use Adobe PDF format.
If you don't have Adobe Reader, download it here.