Find out what you can afford
Find out what you could spend based on your income and expenses. Or check the monthly repayments on your desired bond amount.
Get pre-approved
A BetterBond home loan Pre-approval Certificate tells you exactly what you could qualify for. It is also completely free, valid for 90 days, and lets sellers and agents know you’re a serious buyer.
Find your new home
Getting pre-approved tells you exactly what you could buy for and helps you focus your house-hunt on properties you can afford.
Sign an Offer to Purchase (OTP)
When you find a place you love that fits within your budget, you can put in your Offer to Purchase (OTP). Once the Seller accepts and signs your OTP, you can apply for a bond.
Instruction sent
If the Seller has a bond over the property, they will now instruct their Transfer/ Cancellation Attorney to cancel it.
The Registration Attorney (selected by the bank) will be instructed to do the transfer, and to register your bond.
Insure your biggest asset
The banks require you to have building insurance. Our insurance partners, BetterSure Financial Consultants,
offer competitive insurance premiums. Call 086 124 9294
Choose the best bond for your budget
You select a home loan offer that suits you best and accept the quote.
Apply for a home loan – BetterBond is here to help
Send us your documents and we’ll apply to multiple banks, including your own, to get you the best interest rate on your bond.
Quick, convenient and completely free.
Documents to sign
Once the conditions have been met, the Registration Attorney will draft your transfer and bond documents.
You and the Seller both sign the transfer documents.
You sign the bond documents.
You pay the bond and transfer costs.
The Seller pays the rates (including advance rates, if applicable).
The Transfer Attorney applies for a transfer duty receipt from SARS, a Rates Clearance Certificate and a Levy Certificate and makes the necessary payments.
Compliance Certificates
The Seller is now required to provide these compliance certificates: Electrical, Plumbing, Borer Beetle, Gas, Electric Fence.
Guarantees
Your Attorney provides guarantees from your bank for the purchase price, or the balance, if you put down a deposit.
If the Seller has a bond over the property, preparations will now be made for it to be cancelled.
The Attorneys will ensure FICA compliance as part of fraud prevention.
Lodgement
When all documents are signed, costs are paid and certificates obtained, the documents are prepared for lodgement at the Deeds Office.
