by VDT Attorneys | Sep 12, 2023 | Mortgage, Mortgage bond
WHAT IS A MORTGAGE BOND? A mortgage can be defined as a document/deed in terms whereof immovable property or a real right is encumbered as security for an indebtedness or obligation and the mortgage bond enables the Mortgagee to establish a preferential right against...
by VDT Attorneys | Jan 8, 2022 | Bond, Mortgage, Property
When you cancel your mortgage bond, most banks will contractually charge you a cancellation fee. Such fees can be for early termination of the bond or for giving less than 90 days notice of your intention to cancel. Unless your mortgage agreement is silent on the...
by VDT Attorneys | Aug 10, 2021 | Bond, Mortgage, Property, Property law, Purchaser, Residential, Transfer costs, Transfer process
You are correct. Buying a house is a big decision and does require you to be prepared for all the costs relating to the purchase, including potential attorney fees that may need to be paid. In practice, the general rule applied (unless the deed of sale deals with it...
