Banks tighten their Home Loan Lending Policies

2010-03-23T15:33:40+02:00October 23rd, 2008|ABSA Home Loans, FNB Home Loans, Home Loan News, Nedbank Home Loans, SA Home Loans, Standard Bank Home Loans|

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.