Your home loan has been approved… what happens next?
👉 A transferring attorney is appointed
📌 This attorney is usually appointed by the seller.
They handle:
✔️ All legal documents
✔️ The property transfer process
✔️ Compliance requirements
💡 This step ensures the property is legally transferred into your name.
💰 COSTS YOU MUST KNOW:
There are two important costs:
👉 Transfer costs (paid to transferring attorneys)
👉 Bond costs (paid to bond registration attorneys)
📌 These include legal fees, deeds office fees, and administration costs.
💡 GOOD NEWS:
Some banks offer up to 110% home loans
👉 This can include:
✔️ The purchase price
✔️ Transfer & bond costs
⚠️ But this depends on your financial profile and bank approval.
🚨 IMPORTANT:
Without attorneys and these processes, the property cannot be registered in your name.
