What factors could delay your bond registration?

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.