A registered bond is a debt instrument whose bondholder’s information is kept on record with the issuing party. By archiving the owner’s name, address, and other details, issuers ensure they’re making the bond’s coupon payments to the correct person.
How Much Does Bond Registration Cost In South Africa
Bond registration costs payable to the Deeds Office
| Bond Capital Amount | Registration Costs |
|---|---|
| Exceeds R150 000 but does not exceed R300 000 | R539 |
| Exceeds R300 000 but does not exceed R600 000 | R673 |
| Exceeds R600 000 but does not exceed R800 000 | R946 |
| Exceeds R800 000 but does not exceed R1 000 000 | R1 086 |
How much does it cost to register a bond in South Africa?
In order to get the bond registered over the property’s title deeds, you will need to pay bond registration costs to the registering attorneys. These costs vary depending on the value of your home loan, but on a bond of R2 250 000 as per this case study you can expect to pay bond registration costs of around R32 000.
How long does bond registration take South Africa?
about six to eight weeks
The registration process usually takes about six to eight weeks. After the bank has approved your loan, the bank will ask the bond attorney to register a mortgage bond.
How long does it take to register a mortgage bond in South Africa?
It takes at least three months for the registration and transfer of a bond. But knowing what to do and where to get help will make the process considerably quicker and easier.
What happens after the bond has been registered in South Africa?
Once your bond is approved by the bank, and you’ve and accepted their offer, it is still around three months for it to be registered. During that time, the property will need to be transferred to your name, and a number of documents will need to be signed and delivered to the relevant parties.