As a conveyancer, you’ve likely dealt with the frustration that comes when a property transfer is held up—not because of major legal issues, but simply because the seller hasn’t paid the outstanding rates or levies. It’s a common scenario, and it can put unnecessary pressure on you, your clients, and everyone else involved in the transaction.
This is where bridging finance, especially through a reliable partner like Rodel, can make a real difference.
The Problem: Delays Due to Unpaid Rates and Levies
Before a property transfer can go through, municipal rates and, in the case of sectional titles, body corporate levies need to be paid in full. But not all sellers have the cash on hand to settle these bills upfront. Often, they’re relying on the proceeds of the sale—funds they can only access after registration.
That catch-22 causes delays. Meanwhile, you’re stuck in the middle, fielding calls from estate agents and buyers asking why the transfer hasn’t gone through yet.
The Solution: Bridging Finance for Rates and Levies
Bridging finance is a short-term solution that allows the seller to unlock a portion of the proceeds from the sale before registration. Rodel offers specific bridging finance products designed to settle outstanding rates and levies quickly—so the transfer process can move forward without the usual holdups.
Why This Helps You as a Conveyancer
Here’s how bridging finance helps you do your job more efficiently:
- Faster Turnaround Times
With Rodel stepping in to pay the municipality or body corporate directly, you don’t have to wait weeks for the seller to come up with the funds. That means you can move forward with lodging documents and getting the transaction wrapped up. - Less Admin Stress
You avoid the back-and-forth with sellers, municipalities, and trustees about when payment will happen. Rodel handles the disbursement, and you stay in control of the process. - Happier Clients and Agents
When you can move quickly on transfers, everyone benefits. Agents get their commission faster, buyers move in sooner, and sellers are less stressed. - Support When You Need It
Rodel has been working with conveyancers for over 25 years. Their team understands the day-to-day challenges you face and offers responsive, practical support to make the process smooth for everyone.
How to Use Rodel Bridging Finance
Getting started is easy:
- Identify sellers who can’t pay their rates or levies upfront.
- Refer them to Rodel’s rates and levy bridging product.
- Help them complete a quick application with the required documents.
- Once approved, Rodel pays the necessary authority directly so the clearance certificates can be issued.
Final Thoughts
You’ve got enough on your plate. Delays caused by unpaid rates and levies shouldn’t be one of them. Partnering with a specialist like Rodel allows you to keep transactions moving, protect your timelines, and maintain a professional, efficient practice.
To find out more or apply on behalf of a client, visit www.rodel.co.za.