Property Feature/Steps To Take For Early Bond Cancellation

--:--
If you are selling your property before your home loan has been paid in full, you will need to apply to the bank for the early cancellation of your bond. In terms of the National Credit Act, banks are entitled to levy a penalty if you cancel your bond before the end of the agreed loan period. If you cancel your bond within a few years of buying your property, banks are permitted to levy a penalty on the outstanding bond amount.
13 Jul 2021 1PM English South Africa Business News · Investing

Other recent episodes

OPINION: There is a lot more at stake in the Anglo American-BHP debate

Taddy Blecher – CEO of the Maharishi Institute The real issues, however, often lie beyond the immediate illumination – beyond what you can see. In the context of the Anglo American-BHP takeover debate, there is much more at stake than what is immediately visible. What is at stake relates to…
23 May 1PM 13 min

PIVOT POINT: In conversation with Dr Roy Havemann is the CEO of Krutham

Roy leads Krutham’s financial sector policy and public economics practice in South Africa, specialising in public policy development, banking strategy and general economics. Roy has over twenty years of experience in the public and private sectors, with a 15-year career with National Treasury, spanning macroeconomic policy and financial sector policy,…
23 May 1PM 23 min

South Africans who collaborate with Certified Financial Planner® professionals experience an enhanced quality of life –

GUEST: Nici Macdonald – Head of Department: Certification and Standards at The Financial Planning Institute - SA South Africans who collaborate with Certified Financial Planner® professionals experience an enhanced quality of life, greater financial confidence and resilience, and increased satisfaction with their financial circumstances, a new survey shows. Launched on…
23 May 1PM 14 min

Investec posts 9.1% rise in full-year profit

GUEST - Cumesh Moodliar - Investec SA CEO South African lender and asset manager Investec posts 9.1% rise in full-year profit. The bank, which also operates in Britain and is listed in London, has increased targeted group return on equity (RoE) over the next three years to 13-17% from 12-16%.
23 May 1PM 9 min