1 reviews | Active since Jan 2010
A Building Loan cannot be converted to an Access Bond
I have a bond with the Standard Bank that was an Access Bond. The bond was originally entered into to purchase an empty stand with the purpose of building a house. Standard Bank extended this bond in order that I can build a house. The bond was converted from an Access Bond to a Building Loan. The house is now complete and I wanted the bond to be converted to an Access Bond as it originally was. As it stands the balance on the bond shows "Available balance" R*** amount. On applying to have the bond converted to an Access Bond, I am told that it cannot be done as a Building Loan cannot be converted to an Access Bond.
Please tell me I am missing something? What about the "Balance available"?
Dear Danie
Thank you for posting your comments.
Your matter was escalated accordingly.
We will revert to you as soon as possible.
Kind regards
Complaint Resolution Centre
***
*** (fax)
***
Dear Danie
Thank you for posting your comments.
Your matter was escalated accordingly.
We will revert to you as soon as possible.
Kind regards
Complaint Resolution Centre
***
*** (fax)
***
Dear Danie
Thank you once again for posting.
I refer to our email correspondence with each other and can confirm that the matter is being attended to.
Kind regards
Clint Petersen
Complaint Resolution Centre
***
Dear Danie
Thank you once again for posting.
I refer to our email correspondence with each other and can confirm that the matter is being attended to.
Kind regards
Clint Petersen
Complaint Resolution Centre
***
