In most cases when a person purchases a property, he will have to apply for a mortgage loan and this would be written into the offer to purchase as a suspensive condition, giving a certain time frame for the bond to be obtained by the bank and accepted by the buyer.

The recent ruling by the Supreme Court of Appeal where the body corporate of Gardens Lodge in Cape Town was found to have charged a “patently exorbitant” interest rate on levies that were outstanding.

Since the Consumer Protection Act was implemented in 2011.

Monday, 26 June 2017 10:31

Make your bond work for you

When deciding to buy a home, there are a few things a purchaser will have to consider.

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