Bond Choice Home Loans is a mortgage origination company with a difference. With a philosophy of "best advice for home buyers" every Bond Choice staff member is trained to advise and assist home buyers in finding the best home loan deal for their needs. Bond Choice gets its fees from the banks by offering them a streamlined service that lowers their overhead costs. You pay nothing for our service. In fact, dealing with Bond Choice means that you get impartial, dedicated advice, which costs you no more than if you approached the banks yourself.

• Evaluate your financial situation and give you advice on how best to finance your new home
• Pre-qualify you so that you know, before you start looking, how much you can spend
• Outline all the costs of buying a home so you don't get any surprises down the line
• Explain your home loans options from the major banks
• Negotiate with the top banks on your behalf and present you with a shortlist of options
• Liase with your chosen bank
• Do all the paperwork right through to approval
• Explain the stages of buying your home, pointing out the responsibilities of everyone involved, when money is due and the potential pitfalls along the way
• Tell you about your new neighbourhood, where shops, schools, clubs, medical centres are
• Be on hand to assist you throughout the process until the day you move in

Financial institutions in South Africa will lend to South African citizens residing abroad, non-citizens residing in South Africa and non-citizens residing outside of South Africa. Bond Choice can assist you in finding the finance you require and the service is free of charge. Below are the minimum requirements for the aforementioned who would like to apply for home finance with a South African bank.

• A breakdown of assets and liabilities in the country in which you reside.
• Proof of income in the country in which you reside.
• Signed sale agreement.
• Clear Credit Record.
• Copy of Identity document and passport.

• A breakdown of assets and liabilities.
• Proof of income.
• Signed sale agreement.
• Clear Credit Record.
• Copy of Identity document / passport and the permanent residency number found inside your passport.

• Maximum loan is 50% of value of property (You would have to have a 50% deposit) subject to exchange control regulations approval.
• A breakdown of assets and liabilities.
• Proof of income.
• Signed sale agreement.
• Clear Credit Record.
• Copy of Identity document / passport.

Purchasing a home and registering a bond can be a lengthy and stressful process. Your Bond Choice consultant will be on hand to advise and guide you through all the important steps in the home buying process, to make your property transfer as easy and hassle-free as possible.

Who is involved? Seller Estate agent Buyer Transferring Attorney (appointed by the seller to transfer the property to the buyer's name) Bond Attorney (appointed by the bank granting the bond) Cancelling Attorney (appointed by the bank cancelling the bond of the seller) The same attorney could be responsible for dealing with more than one of these transactions (which can help speed up the process)

1. Offer to purchase signed by both buyer and seller. Buyer applies for a bond with a bank, your Bond Choice consultant will help you get the best possible home loan deal.
2. Bond approval Bank approves the bond and instructs bond attorney to begin registering the bond.
3. Property Transfer The seller advises the Transferring Attorney to transfer the property. Title deed and cancellation figures are requested from the bank currently holding the bond. Rates clearance certificate requested from local authority.
4. Bond Attorney contacts Transferring Attorney - The Bond Attorney informs the Transferring Attorney of the amount available for guarantees, requests draft transfer deed and guarantee requirements.
5. Cancellation Attorney requested to cancel the seller's bond on receipt of a guarantee for outstanding amount.
6. Transferring Attorney receives title deed and cancellation figures. Buyer and seller sign the transfer documents. Buyer pays transfer costs and Tranferring Attorney then paysrates, taxes and transfer duty.
7. Bond Attorney prepares bond documentation. Buyer signs these documents and pays the costs. The Bond Attorney then prepares the Bond document to be lodged at the Deeds Office.
8. Transferring Attorney receives guarantees from Bond Attorney and forwards to the Cancellation Attorney.
9. Cancellation Attorney gets consent for bond cancellation from the bank which holds the seller's bond.
10. Deeds Office After all documentation has been signed and costs paid, new bond and cancellation documents are prepared for lodgement at Deeds Office.
11. Deeds Office - All documentation lodged and checked before they are registered by all the attorneys on the same day.
12. Bank pays out loan On the day of registration the bank pays out the loan.

The process of registration and transfer can take over 3 months, your Bond Choice consultant will do everything in their power to speed up this process for you.

Get pre-approval for a loan, your Bond Choice consultant will assist you Provide all requested personal and financial information Pay your deposit (if any) and other bond and transfer costs on time Supply all relevant documentation (such as government capital subsidy approval or employee subsidy documents) when requested and comply with all bank requirements Sign all documents when requested.