bond

  1. A

    Standard Bank - Cancellation of Bond

    So I want to cancel my bond with Standard Bank. I'm not selling the property, just paying off the loan. I was asked to send them a cancellation letter stipulating 90 days notice, which is fine. Then they did disclose the amount outstanding on my account. Now they've asked that I pay that amount...
  3. A

    Excessive Petties Charge by Lawyers On Property Bond Registration?

    Hi guys, A friend is in the process of buying their first house and is being charged an excessive amount for petties by the bond registration lawyers. The property cost 600k. The bank's bond initiation fee was R5700. There is no transfer tax payable. The transferring attorneys' total fee was...
  4. S

    Tax from rental income query

    Been wondering if there is someone that can help me with this query. I've recently bought a house and plan on moving there from my flat. My flat is paid off and the unfortunatly the bond has been closed. As I understand it, SARS will be taxing me quite badly on the rental income that I'll be...
  5. N

    Service levels from SA Bond originators

    I am going through the process of using an originator for a bond. He has so far submitted the application to ABSA, Standard Bank and Nedbank. I bank with ABSA and was surprised to see that they came back with quite a poor rate (.4% above base). When I asked the originator to see if they would...
  6. AmaDownload

    Sale of Property - Seller Assisting Buyer with the 10% Deposit ?!?!?

    Suppose I know somebody who wants to sell his property, on which he did not have had any offers for 9 months, probably because he is asking too much in the current market, and this seller is now getting anxious. Then one day a buyer comes along, and is willing to sign an offer to purchase at...
  7. M

    Status of common law wives / husbands in SA

    Hi Guys, Just a quick question. Been going out with the love of my life for 8 years now, we cohabit and are not planning on getting married soon. She recently (and rightfully so) brought up the status of her rights regarding our property. Now since I have always earned more and the old...
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