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What are the transfer costs on a house?

Transfer costs vary, depending on the purchase price. They comprise the conveyancer’s fees plus VAT, and the transfer duty payable to SARS. Transfer duties only apply to properties worth more than R1 000 000.

You can get an idea of what those costs will be by using ooba Home Loans’ Transfer Cost Calculator.

For example, on a R1 million bond for a freehold property, with the seller not VAT registered and the purchase being conducted by a natural person, the transfer cost estimate would be R24 867 (incl. VAT).

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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

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Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

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