Dear Client,
The bridging finance division of Baedex Financial Corporation will join forces with the Better Group from 1 October 2010. From this date Baedex will no longer provide bridging finance. Baedex wishes to thank you for your loyal support and friendship over the years. The Better Group will be in contact with you shortly to present their new product offering and for this we ask your favourable consideration. Until the launch of the new product offering we will be taking every necessary measure to ensure uninterrupted service to you and your clients. You can therefore continue using the Baedex application form until further notice. You will also be able to contact us on our existing email addresses and contact numbers.
What happens to bridging finance applications paid out before 1 October 2010?
Baedex will continue collecting any transactions paid out before 1 October. Please ensure that repayments on applications done prior to this date are repaid into the current Baedex bank account. Bank details: Standard Bank, Account Number 412 744 58, Code 555 34. Settlement figures can be requested from Yolande at yolandehill@baedex.co.za.
What happens with applications sent to Baedex before 1 October 2010, but not yet approved or paid out before this date?
Jean and Teneale will continue working on these transactions and you will be notified if and when they have been approved and paid out. A repayment schedule with the new banking details will also be sent to you.
Why did Baedex decide to exit the bridging finance industry?
Baedex will in future focus on sectional title finance solutions. For more information on this product please visit www.baedex.co.za.
We sincerely hope that the transition period will be as painless as possible and welcome any comments during this time. Please contact me should you require any more information.
Kind Regards
De Waal Basson CA(SA)