FNB Property

First National Bank partnered with South Africa's busiest property website, Private Property to market both their properties in posession (Quick Sell properties) and sales in execution properties (properties sold on auction). Buying properties with great value could not be any easier! These properties will appear amongst your normal results items. Below you will find the properties grouped for convenience sake.

1. Firstly, you don’t have to pay a deposit. Yes, you read that correctly - FNB will grant up to 100% bonds* on all Quick Sell Properties, which means you don’t have to save and save and save for a massive deposit.
   
   
2. Receive a 50% discount on the attorney transfer costs and bond registration fees provided both transfer and registration is handled by the FNB appointed attorney

A sale in execution is the public auction of a property, held by the Sheriff of the Court, to recover outstanding monies on a home loan.

And because its an auction, there is the potential for you to pick up a property at a great price. And best of all, FNB and Private Property are helping you out by giving you a sneak peak at some of these properties (at no cost) so that you can get in there before everyone else.

A property becomes a Property in Possession (PIP) or Bank Repossessed Property, once a customer has defaulted and the bank's reserve price was not achieved at auction.

• FNB offers buyers up to 100% bonds on all Quick Sell Repossessed Properties.
• No transfer duty is payable by the purchaser.
• There is no discount on attorney fees as per Quick Sell Private Sale Properties.
• Property rates and taxes (including all arrear amounts in this regards) will be paid by FNB until the date of registration.
• Only the conveyancers on FNB's panel of conveyancers will be used.
• The purchaser is responsible to obtain an electrical compliance certificate
• FNB does not warrant that the purchaser will be able to obtain vacant occupation of the property.
• Where the property is guarded, an appointment must be made with the specific security company prior to viewing the property.