VENDOR FINANCE
Make more money from your house sale.
What is Vendor Finance?
Buy now, pay later
Vendor Finance is a type of financing where the house seller lends the house buyer money for a short period of time to buy their house. The house seller takes on the role of the bank.
The house buyer owes the house seller a debt and pays interest until the loan is repayed in full.
The loan is a written contract. No money changes hands.
What does the seller get?
- The house seller receives an agreed interest rate per annum on the loan. This is paid in monthly installments.
- The house seller receives a first charge over the property as security for the term of the loan.
- The loan will be repaid in full by the date requested by the house seller.
What are the benefits?
- A quicker and easier sale of your property (no need to wait for banks)
- WalterFrank will cover all your legal fees for the house sale and loan
- Regular monthly income
- A guaranteed higher interest rate than high street bank savings accounts
- The loan will be secure (you will have the property as security).
Want to find out more?
We have answered some of your most common Vendor Finance questions.
WalterFrank have successfully worked with Vendor Finance sellers before. Get in contact if you would like to get more information.
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