Who Protects Your Deposit When Property Deals Collapse?
Property transactions rarely unravel overnight. A deal that starts smoothly with a signed Offer to Purchase (OTP) and a paid deposit can quickly run into delays, disputes, or outright collapse. When that happens, one question matters most: who protects the buyer’s money? A string of interest rate cuts over the past few years has seen […]
VAT increase and the effect on property transfers and the registration of transfers before and after 1 April 2018.
The increase was announced in the Minister of Finance’s Budget Speech on 21 February 2018. The standard rate of VAT will change from 14% to 15% on 1 April 2018 (the effective date). How will this VAT increase affect property transactions, property registrations and estate agent commissions? Question 1: How will the rate increase work […]
