How are funds directed at settlement?
For vendors, we will confirm prior to settlement by telephone which account you want funds deposited into, and the money will be transferred directly once settlement is complete (allowing for normal bank delays).
For purchasers, your bank will contribute the loan amount, and you will need to cover any shortfall- other monies required if the loan is insufficient, or to cover additional costs at settlement. These funds will be debited out of your bank from an account nominated by you to be your shortfall account,or alternatively you can transfer funds to our trust account. Any excess funds will be returned to you after settlement.