Property Finance in South Africa

ID #3603

How many months notice do I need to give my existing bond holder if I want to move my mortgage bond to a different bank in South Africa?

How many months notice do I need to give my existing bond holder if I want to move my mortgage bond to a different bank in South Africa?

You should always check your bond documents, but most banks require a 3 month notice period when cancelling a bond and moving it to a new bank in South Africa.

this information on mortgage bonds was supplied by natasha@incompass.co.za

more useful links below:-

 Will I get the same interest rates and terms and conditions on my new bond application if I change banks in South Africa?

 

 

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Last update: 2008-12-11 12:49
Author: claus lauter
Revision: 1.0

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