How to secure a 100% Home Loan

Which banks are offering are currently offering full 100% bonds? The four major mortgage providers in South Africa are regularly changing their lending criteria.

No Deposit 110% home loans return

UPDATE: ABSA HOME LOANS have extended their 110% Home Loans offer. Click Here: What are the Basic Requirements? image by warrenski Following closely after Standard Banks’ announcement to relax its lending criteria and offer bigger mortgages, ABSA bank released a statement saying that the country’s largest home loan provider is Read more…

100 Percent Home Loans – how to secure one

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.

ABSA Home Loans ask buyers for even bigger deposits now

  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, Read more…

Banks tighten their Home Loan Lending Policies

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.

New Home Loan Lending Policy for South Africa

South African Home Loan providers have responded to the current high interest rate climate and slow property market by tightening their mortgage lending criteria. FNB and ABSA home loans have lowered their Loan-to-Value limits from 108% to a maximum of 100% []

No Deposit Home Loans

Mortgage News: 100% home loans Updated October 09: Note this information has been updated to reflect the homeloan options currently available in South Africa. FOR MORE information about the latest home loan lending policies click here Finding the money to pay a deposit has been a major hurdle for many Read more…