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ARTICLE · 26 OCTOBER 2020

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How Does The Bond Registration Process Work In South Africa?

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A mortgage bond is registered when an owner of immovable property uses the property as security to raise funds from a bank or other financial institution.

South AfricaFinance and Banking
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A mortgage bond is registered when an owner of immovable property uses the property as security to raise funds from a bank or other financial institution. This is either done when purchasing a property or when a property already registered in the owner's name is used to raise funds. The purchaser will apply for a loan from a bank. Below is a guideline of the processes to be followed in order to complete a successful bond registration, specifically when purchasing a property.

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1. Attorney receives bond instruction from the bank

Once the purchaser's loan application has been approved, a bond registration attorney will be appointed by the bank to register a mortgage bond over the property as security for the bank.

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