100% No Deposit Home Loans South African Banks are constantly changing their lending policies. 100% Home Loans have returned & are available, but the banks are understandably more cautious when approving these bonds. Read: How to secure a 100% Bond UPDATE: ABSA HOME LOANS have extended their 110% Home Loans offer. Click Here: What are [...]
The quick return of 100% mortgages has surprised many property finance experts. Although the return has been quick, it has also been very cautious. Banks such as ABSA, FNB and Nedbank are all offering no deposit homeloans again. The only difference is the terms and conditions regarding these bonds.
Property Finance News: Falling house prices are usually a sign that the supply of homes for sale has exceeded demand. In other words, the number of homeowners looking to sell their properties exceeds the number of buyers in the market. The unique thing about the current condition of the South African property market is that, [...]
Home Loan Lending Policy: ABSA, Nedbank tighten mortgage lending Nedbank and ABSA Home Loans have further tightened their mortgage lending criteria, effective 1 Dec 2008. ABSA – SA’s largest home loan provider – has lowered their maximum home loan to 85% of the property value / purchase price. While, Nedbank homeloans are only offering [...]
South Africa’s largest mortgage provider, ABSA Home Loans, announced recently that it would restrict access to the extra funds available in the Bond Accounts of some of their clients. Just less than 17% - about 130 000 - of ABSA’s home loan clients, who use the 261 flexi facility, will be affected by this decision. [read more ...]
Previously, new home buyers were able to secure a full mortgage bond of up to 108% (to help cover costs) from all the big banks. As of 23rd Oct 2008, Standard Bank Home Loans division will only be granting Mortgage Loans to a maximum of 95% of the property value.
Fixed Rate Options From ABSA Home Loans In Nov 2007, when it seemed that interest rates had already peaked, ABSA home loans launched a campaign offering homeowners the chance to Fix their Home Loan Interest Rate at 11.75% – 2.25% below prime at the time. It seems the bank was a bit hasty in launching [...]
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