Sanlam Home Loans

The latest SANLAM Home Loans News

Sanlam Home Loans

2005-10-31T14:06:08+02:00October 31st, 2005|Home Loan News, Sanlam Home Loans|

Home Loans and Insurance Over the past year the Sa Home Loan industry has become increasingly competitive as a number of new home loan providers have entered the local market. Sanlam is one of those to have recently begun offering home loans in South Africa and the well known insurance giant has already firmly established itself in this industry. During the past year Sanlam Home Loans has built up a home-loans book of R1,5 billion and at present the company is granting home loans to the value of approximately R300 million a month. Previously only large Banking institutions were able to offer mortgages in SA, but South Africans can now benefit from a more level playing-field in the local

Sanlam Home Loans launches SA first

2012-03-05T16:18:23+02:00July 2nd, 2005|Home Loan News, Sanlam Home Loans|

Sanlam Home Loans today announced a first in the South African home-loan industry. The company launched a single-seller residential mortgage warehousing conduit, Sanlam Home Loans (Pty) Ltd, a securitisation vehicle aimed at providing Sanlam Home Loans with lower warehouse funding rates through capital and money markets. Piet van der Walt, chief executive of Sanlam Home Loans, explains that securitisation is essentially an alternative funding mechanism whereby assets are sold to a separate insolvency remote vehicle, which in turn issues notes backed by these assets to the capital or money markets. "Securitisation forms an integral part of Sanlam Home Loans' overall funding strategy. The warehouse phase provides us with access to lower funding rates with the ultimate objective of raising

Comments Off on Sanlam Home Loans launches SA first