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Barend B.
Barend B., Legal Consultant
Category: South Africa Law
Satisfied Customers: 1346
Experience:  BLC LLB (Pret) LLM (Augsburg)
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I am a pensioner & my only asset is the property. Standard

Customer Question

I am a pensioner & my only asset is the property. Standard bank is charging me 3.5% + vat. Financially I cannot afford to pay an amount if R42000 as an admin fee. Can you please advise as to how I can ask to reduce concession ?
Thanking you
Mrs L Williams
Submitted: 1 month ago.
Category: South Africa Law
Expert:  Barend B. replied 1 month ago.

Good evening,

Could you please elaborate on what the 3.5% is? Have you spoken to the bank about this issue? If yes, what was the outcome?

Regards,

BB

Customer: replied 1 month ago.
3.5% is the executive's fee for my late husbands estate. Standard bank have offered me a further 10% discount, but would still leave me with an amount of R36000 to pay & my only asset is the property, no savings or pension etc