Phoenix Bonds is a mortgage (also known as a bond) origination company we’re here to help you secure end user finance for your packaged development.
We will be with you every step of the way from pre approval of the development, to end user pre-qualifications, approvals, and bond and property registration.
Facilitating Pre-approvals with the banks:
Submitting complete development packs will result in quicker turnaround times for approvals.
Company Registration Documents
Professional Indemnity Cover Insurance
Full CV of Development Company (including Directors/Members)
SARS Letter of Goodstanding & Profile
Site Plan and Location (Gated Estate boundary wall and guardhouse)
Pricelist (including breakdown of unit no’s and sizes)
Copy of Building Contract
Copy of OTP/Sale Agreement
Developer’s Declaration Form
Council/Provincial Approval of development (record of decision)
Approval from 2 other financial institutions
Pre-submission checks to qualify purchasers:
Streamlined application process:
With the necessary documentation received from the purchaser, we can do:
NHBRC National Homebuilders Registration Council:
A financial institution cannot lend money to a person to purchase a new home from a development if:
The Housing Consumers Protection Measures Act 95 of 1998 requires Builders to be registered with the NHBRC. The Act was introduced into our law to protect housing consumers and establish the NHBRC as the regulatory body of the homebuilding industry.
The property transfer and bond will be registered simultaneously at the dedicated Deeds Office following completion of all required documentation from the seller and purchaser.
Phoenix Bonds can package developments all over South Africa.
We currently work with Van Deventers & Van Deventers Inc to offer the “ OneTeam OneService ” initiative in the following regions: