(Note: If none of this applies to you please think of passing it on to anyone you know who may find it useful)

In these hard times it is not always easy to keep up bond repayments, particularly if you are one of the many victims of the lockdown that have lost your job or your business.

The worst thing you can do is ignore the problem – that is a recipe for the bank taking legal action against you and ultimately repossessing your home. For some practical advice on what to do (and what not to do) if you are unlucky enough to fall into arrears with your bond, read “Home Repossession: Holding On To Your House In A Time Of COVID-19” on iAfrica.com. For many people their house is their most important asset so seeking professional help in need is a real no-brainer here!

Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.

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