Comments on: How to secure a 100% Home Loan

By: Kirsty

Kirsty — Wed, 11 Jan 2012 05:39:18 +0000

Hi, I am currently a temporary resident from the UK (not yet a SA Citizen). I live with my Boyfriend who is a SA Citizen and we would like to look at buying a property rather than wasting our money on renting. Is there any way we can do this as I believe we would need both our incomes to qualify but understand I will not be considered as a non Citizen.
Any advice you may have would be very much appreciated.
Thanks – Kirsty

By: alluta

alluta — Tue, 10 Jan 2012 20:39:31 +0000

hi
i have a situation here, im planning of buying a house through home loan as an investment in property and im currently not a home owner (still stay with my mother im 21 years)but now my family wants to move to another area and they want me to apply for a home loan

if i buy my parents house through home loan and then after we get the money we buy another house in other area, what are the risks to consider? things to take into consideration? and is it wise to do that,i dont have much information when it comes to buying a house im only 21 and most importantly im planning on investing on property so im quite concerned if it will not jeopardise my success in future purchase of property,
your advise will be highly appreciated

By: Louis Sangerhaus

Louis Sangerhaus — Sat, 19 Nov 2011 06:56:58 +0000

Hi there.
If me and my wife wants to purchace a house,together and she have 2 judements on her name,it is paid of but stil shows on her credit check.Will we get a 100 percent bond.I have a clear record.

By: Charles

Charles — Wed, 16 Nov 2011 11:13:07 +0000

I have put in an offer for a house to be sold on auction. The actioneer gave me a Condition of sale document, which fnb will not accept when I applied for a bond, on my offer price. Are this a rules at all of our SA banks?

By: Dr.Wenta

Dr.Wenta — Tue, 15 Nov 2011 09:03:21 +0000

Good day,
I am a reputable,legitimate,and an accredited money lender.i loan money out to individual and cooperate bodies in need of financial assistance.
Do you have a bad credit or are you in need of money to pay bills,LOAN to start up an investment,LOAN to buy cars,LOAN to do what pleases you? i want to use this medium to inform you that i render reliable beneficiary assistance as i will be glad to offer you LOAN at low interest rate which is 2%.if interested contact us via:pfisterwentaloanlender@gmail.com
Regards,
Dr.Wenta

By: Angela Sekete

Angela Sekete — Tue, 25 Oct 2011 08:14:27 +0000

Kindly assist me urgently, I need a bond for R350 000, how do i qualify for that amount? please send me the details. I am first home owner who wants to buy a house,

hope to hear from you soon.

Thanks

Kind regards
Angela

By: Chantelle

Chantelle — Mon, 08 Aug 2011 13:12:51 +0000

good day

Can you please hellp, i need a bond for R640 000, how do i qualify for that amount? please send me the details. we are first home owners that wants to buy a house,

hope to hear from you

thanks

By: Hein

Hein — Thu, 14 Jul 2011 12:50:49 +0000

Hi, I am currently a SA citizen but live in the UK. I came over straight from University so never worked in SA. What impact will this have on my credit score in SA (I still have a bank account, but rarely use it, as all my accounts are in the UK). Will I be able to qualify for a 100% Home Loan if I want to buy-to-let (BTL).

If not, what % deposit will I have to put down for BTL property? I will be a first time buyer, but not sure whether they still allow 100% loans for BTL properties.

By: andrew

andrew — Fri, 24 Jun 2011 11:20:08 +0000

Hi Paling,

Thanks for that, appreciate the feedback.

What if you bought in partnership (effectively as co-borrowers on loan application), with a Cape Town local.

Could you get a higher lending % (effectively % available to locals) then?

Thanks,
Andrew

By: Paling

Paling — Wed, 22 Jun 2011 14:36:31 +0000

@ Andrew:

The risk to the bank is very high when lending to foreigners, they will only grant about 40-50% of the value.
So with your 500k salary you should be able to get a bond of about max 450k on a 900k property. Or borrow 400k on an 800k property, etc…
So at max debt you can buy a R900k property, and you’ll need R450k cash.

For foreign citizens it’s tough to buy in SA, for locals its actually quite easy and fairly uncomplicated.