What if there is a shortfall on the seller’s finances? In other words, there is not enough money available to cover the outstanding balance on the existing mortgage loan of the seller?

We can ask the bank to reduce the cancellation figures (the amount payable to the bank upon the cancellation of the mortgage bond) so that the transaction can indeed proceed. The banks are often prepared to grant considerable discounts on the cancellation figures, provided the seller signs an acknowledgement of debt to pay off the […]

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How much money will I as seller receive?

  You will receive the purchase price less amounts such as: the outstanding balance on your existing mortgage bond also called cancellation figures; (please note that the interest on your bond will keep running until the registration date; you should notify your bank of the sale to limit any penalty interest that the bank might […]

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When are the transfer and bond costs payable?

We shall inform you as soon as you must pay the costs into our trust account. The transfer or the bond cannot be registered before the costs have been paid in full. The costs can, therefore, unfortunately, not be paid off in instalments after the registration date. Volker Krüger

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