What factors could delay your bond registration?

Author
MyProperty
South Africa's #1 independent property portal

We take a look at some of the factors that could delay the registration of a bond:

  • Failure by the seller and/or buyer to provide personal information.
  • Failure by the seller to provide details of the bank holding the existing bond.
  • Seller or buyer’s tax affairs not being up to date.
  • Seller or buyer not complying with all clauses on the Offer to Purchase.
  • Buyer not meeting all the special conditions of bond approval.
  • The existing bondholder delaying/not providing cancellation figures and title deeds to the transferring attorney.
  • A delay in receiving rates figures (local authority) and/or clearance certificate (transferring attorney).
  • Failure by the buyer to pay a deposit (if required).
  • A delay in the provision of guarantees.
  • Failure by the buyer to pay the bond and transfer costs on time.
  • A delay by the seller in signing the transfer documents.
  • A delay by the buyer in obtaining government capital subsidy approval/employee subsidy documents for new bondholders and failure to comply with other requirements of the bank.
  • A delay by the buyer in signing the transfer and/or bond documents.
  • When the bond attorney, transferring attorney and cancellation attorney are three separate firms.
Property questions?
Get quick answers about buying, selling, renting, and more from our AI powered real estate bot
Home Loans Property News
Streamline your home buying experience
Market & Opinion
Streamline your home buying experience
18 Mar 2024
Despite what many will have you believe, buying a home shouldn't feel like a daunting task despite the complexities and legalities involved. With careful preparation and consideration of the journey ahead, you can streamline the property-buying experience.
read more
Navigating Bond Pre-Approval and Financing Options: Months 3-4 of Your 12 Month Guide to Homeownership
Market & Opinion
Navigating Bond Pre-Approval and Financing Options: Months 3-4 of Your 12 Month Guide to Homeownership
13 Mar 2024
Congratulations on reaching months 3-4 of your journey from renting to homeownership! As you move forward, it's time to dive into the critical stages of obtaining pre-approval for a home loan and researching various mortgage options.
read more
Sell fast, sell smart - a guide to streamlining your home sale
Market & Opinion
Sell fast, sell smart - a guide to streamlining your home sale
29 Feb 2024
Selling your home can be a daunting task, but with the right approach and a few smart strategies, you can increase your chances of a quick and successful sale. 
read more
Understanding the ins and outs of a property sales agreement
Legal
Understanding the ins and outs of a property sales agreement
19 Feb 2024
In the world of property transactions, one crucial document serves as the cornerstone of the entire process—the property sales agreement. While it may seem intimidating at first, understanding its significance is essential for both buyers and sellers. 
read more
Real Estate Tools
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments