Thursday, November 23, 2006

Pest and Electrical Clearances needed

Standard Bank home loans department require our compliance packs to be sent to the bank on lodgment of mortgage bonds in the Deeds Office. Previously it was our duty as conveyancers to ensure these certificates were in place by registration. The bank's requirement that these be sent to them at least 10 days earlier means that we need these certificates and any repairs to be organised by the Agent handling the sale as soon as possible. Any delay with regard to electrical repairs or pest treatment means that the lodgment of the transfer and bond in the Deeds Office will have to be held up pending compliance to the bank's satisfaction.

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