Transfer delays push up costs
Banks’ revised requirement that all approval certification is in place before transfer documents are submitted to the Deeds Offices is delaying new development property transfers by a month on average. So says Kim Pistor, Legal Advisor of Rabie Property Group, who warns that the costs incurred by delays will inevitably fall on consumers. Pistor says […]
Banks remain cautious in home loan lending
In spite of the interest rate being at a 33 year low, banks remain very cautious in terms of granting home loans with all information submitted to them being thoroughly analysed to ensure the applicant’s affordability, says Kim Pistor, legal advisor and conveyancing manager for Rabie Property Group. Pistor said while it was relatively straight-forward […]
Know your rights and obligations in sectional title schemes
Sectional title has become the most common form of property ownership in South Africa and it is imperative that property owners know their rights and obligations in relation to the sectional title development in which they are involved, says Kim Pistor, legal advisor and conveyancing manager for Rabie Property Group. Pistor says people often confuse […]
