Factors that delay the registration of a home loan

  • Failure by the seller and/or buyer to provide personal information.
  • Failure by the seller to provide details of the bank holding the existing home loan.
  • The existing home loanholder delaying provision of cancellation figures and Title Deeds to the Transferring Attorney.
  • Delay in receiving rates and taxes figures from the local authority and/or the clearance certificate from the Transferring Attorney.
  • Failure by the buyer to pay a deposit (if required).
  • Delay in the provision of guarantees.
  • Failure by the buyer to pay home loan and transfer costs on time Delay to comply with other requirements of the bank.
  • Delay by the buyer in signing transfer and/or home loan documents.
  • When the Home loan Attorney, Transferring Attorney and Cancellation Attorney are three separate firms.
  • Delay by the seller in signing the transfer documents