Property Developments
Find out more about the slight differences in the Bond Approval Process when buying Off-Plan or in a new development...
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Commercial bond applications are notoriously complex and time-consuming. Submissions from bond originators are typically a ‘lead referral’, with no pre-assessment of the client. Phoenix Bonds offers a point of difference - we aim to streamline this process and ensure that only the applications with merit will be submitted, to ensure that a consistent stream of qualified buyers are delivered to our banking partners.
Embarking on a property development project in South Africa can be an exciting and lucrative venture. However, before you can break ground, you'll need to secure development approvals from the relevant authorities.
It’s great to move straight into a newly-built home with brand new furnishings and fittings. But it’s also important to understand the benefits and risks involved with the different types of developments, particularly if you are looking to finance the property with a mortgage bond. How do you determine which one is the best for you? Read on to find out.
Buying a property in a property development works much in the same way as the proverbial words in Hebrews 11 verse 1 defining faith. Despite having its own peculiar benefits, it is a move based on trust as the Purchaser is essentially buying a property that cannot be seen at that time and which will only be visible in future. It surely is being ‘sure of what you hope for, certain of things not seen.
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