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Property Finance

Your bond application: A key ingredient to the property transfer

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Buying a new property is simultaneously an exciting and stressful experience. One of the important processes that can be quite overwhelming for buyers is the bond application process which is a key element of most property purchases which is why you should get your ducks in a row to have the best chance of success.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Your bond settlement amount – a brief guide

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The sale of a property can often bring with it unforeseen expenses, but this needn’t be the case. To take the mystery out of bond settlement costs, we have put together this brief overview so that sellers can plan appropriately and avoid being caught off guard.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Multiple mortgages

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Extending finance on a home loan is possible in two ways: accessing funds under security of the already registered bond or, should the security provided under this bond not be sufficient, a second bond can be registered.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Approval in principle

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Buying a home can be a stressful process, particularly in a competitive market where you need to move quickly or run the risk of losing out on buying the property of your dreams. Being given an ‘approval in principle’ from a financial institution can play a significant role in moving ahead with the property agreement contract.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

VAT or Transfer Duty?

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Buying a property comes with a number of expenses in addition to the basic sale price, one of which will be either VAT or Transfer Duty. Every property transaction will incur one of these two forms of tax, but it is important to understand the difference and know which will be applicable as they have different consequences for the buyer and seller in a transaction.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Deposits on new developments

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Purchasing a property off plan is often considered a good investment. But before putting down a deposit, it’s important to understand what this means…

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

2016 – a year in review

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2016 is fast approaching its end, providing an opportunity for us to reflect upon what has been an exciting and successful year, although it has not been without its challenges.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Buyers beware of the “subject to bond approval” clause

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The ins and outs of “subject to bond approval” clauses.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

What lurks beneath the repo surface?

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The pros and cons of investing in repossessed property.

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Property Transfers | Bond Registrations | Snymans Attorneys
Property Finance

Must-knows about new developments

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New developments bring a level of unknown into the property purchasing equation. Exciting or intimidating, there are a number of things to consider before taking the plunge.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Homeowners insurance is required for a bond

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Financial institutions will typically require a buyer to take out homeowners insurance before approving a bond application.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

How to get a bond if you’re self employed

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While there may be additional information required to successfully be granted a home loan, being self-employed should not be seen as an obstacle to accessing finance.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Repainting a rented property – who should pay?

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Maintenance of houses and apartments can be a costly aspect for any property owner, but when it comes to renting, who is responsible for these costs – the owner or the tenant?

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

All rental income should be declared to SARS

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Income received from investment and rental properties falls into the category of taxable income, and as such should be declared to SARS and included in your annual tax return.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Beware of Capital Gains Tax when you sell

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At first glance, Capital Gains Tax (CGT) may seem like yet another thing to worry about when completing a tax return, but it needn’t cause confusion.

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

A bank may require notice to cancel a bond

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Paying off a home loan ahead of schedule can be beneficial, but paying close attention to the agreement is important to avoid additional fees…

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Non-Residents

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May Non-Residents buy a property in South Africa?

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Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Transfer Duty

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To whom is Transfer Duty Payable and how is it calculated?

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