• Bond Switches
Bond Switches for South Africans
Switching Your Home Loan
When you want to switch your home loan, the first thing to do is to cancel your existing bond, give a 3 months notice to your current bank, and registering a new bond at the desired bank. For the switching bank to consider your application you will need a clear credit record and your bond payments must be up to date.
You will have to give your current bank at least 90 days notice to settle the home loan, because of this, your new bond will take about 3 months longer to register.
When you decide to switch your home loan, be sure to consult Mortgage Plus first. Often you are able to qualify for a reduction in costs and we will give you a cash back bonus.
Mortgage Plus will send your application to the bank, and get the process going. The bank will perform a credit check and valuation.
The bank will then give you an interest rate.
Please contact us if you require any further information or would like to apply for finance:
Complete this short form online
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