Costs

Transfer Costs

The purchaser is responsible for the payment of transfer costs and the costs of registering any new mortgage bonds over the property purchased. He / she will also have to pay an inspection fee and initiation fee. Transfer costs include transfer duty and conveyancers fees. Transfer duty is calculated as a percentage of the purchase price and varies depending on the purchaser's legal status. Conveyancers fees, charged by the attorneys for attending to the transfer and registration of mortgage bonds are calculated according to a tariff.

Bond Costs

Bond costs are the costs incurred for raising mortgage finance. Mortgage registration fees according to a prescribed tariff are payable to the registering attorney.

 Click here to access our Bond and Transfer costs calculator which will allow you to determine the costs associated with the purchase of property and those costs related to the  registration of the home loan.