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Insights - News Blog

From category archives: Phoenix Bonds News Blog

Property Transfer Process

Selling Your Bonded Property? Notify Your Bank Immediately

The banks are charging penalty interest if they are not given 3 months’ notice of intention to cancel a bond. Therefore it is beneficial to notify your bank of your intent to sell as soon as you decide to do so.

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Deeds Office Closures - How Does this affect the property market?

The closure of deeds offices has a significant impact on the property market. Without the deeds office, property transactions cannot be completed, and buyers and sellers are left waiting. A deeds office closure directly affects the sellers, buyers, property practitioners, attorneys and bond originators.

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