Established in 2000, Prevance is the division responsible for bridging finance.
Essentially our bridging finance solutions assists you in accessing funds that may only be due to you in the near future.
Typically, we advance funds upfront to sellers of properties were the proceeds are only receivable on transfer of the property through the deeds office system.
This includes estate agents and agencies commissions which generally are also payable on transfer of the property sold and where Prevance advances the funds upfront in anticipation of the eventual receipt of such commissions.
Short terms loans can also be arranged, secured by first mortgage bonds over a property supported by a credible repayment plan for the loan.