Here’s what you need to know about the lending policy of banks. Looking to buy a home? Find out what the lending policy of banks…
Month: Feb 2019
Bond cancellation fees and how to avoid paying them
The 90 days’ written notice only represents intent to settle. It does not mean that the bond will be cancelled 90 days from the date…
What homeowners need to know about Capital Gains Tax
We simplify the legal jargon and answer some of the essential questions around capital gains tax and when and why it is applicable to homeowners.…
The most important home loan requirements for South Africans
There are a few things relevant to South Africans hoping for a positive outcome from their application for finance to procure their dream home. You…
Are you getting the best home loan rate if you’re only applying to your bank?
You may be a loyal customer and believe that as such you’ll be offered the best home loan rate by your bank. But how can…
How foreigners can get a home loan in South Africa
Foreigners can invest in property in South Africa as individuals, through joint ownership or by acquiring shares in an entity that owns property. Non-residents must…
Conveyancing fees in 2019: What exactly are you paying for?
Once you find your dream home, and put in an offer that’s accepted, you’ll need a conveyancing attorney to transfer ownership to you. The conveyancing…
Home loans for government employees in South Africa
Article summary TheGovernment Employees Housing Scheme (GEHS) enables employees of the SouthAfrican Government to own their own houses at a much more affordable rate. Governmentemployees…
The importance of reading your title deed
Article summary Titledeeds are important legal documents used as evidence of proof of ownershipof a home or piece of land. Ifthere is a bond on…
The tech feature to look for when buying a new house
Article summary A property that already has smart tech installed is a bonus if you’re on the hunt for a new house. Buyers are prepared…
How to tell the difference between a buyers' and a sellers' market
Article summary Supply and demand of housing influences the property market, which then determines whether it is a buyers’ or a sellers’ market. Conditions can…
What you need to know before signing an offer to purchase
Article summary A purchase offer is a binding contract; once you sign it, you cannot easily change it. As a prospective buyer, you should make…
The transfer duty you can expect to pay in South Africa
Article summary A property transfer duty is a tax payable by buyers of all types of properties. Transfer duty is calculated over and above the…
What are the best banks for home loans in South Africa?
Article summary: When it comes to finding the best banks for home loans in South Africa, a bond originator will tell you more than any…
4 Ways to use credit to build wealth
The concept of taking out credit has gotten a bad rap in recent years, following the subprime mortgage crisis in the US and rising levels…
How to get a home loan if your bank declined your application
Article summary: Bond applicants do not get preferential treatment by going direct, as banks are governed by the National Credit Act and lending is regulated.…
7 Reasons why owning a property is better than renting
Key takeaways There are distinct advantages to owning your own home as opposed to renting someone else’s Owning is beneficial from both a financial and…
The true cost of buying a house
Wouldn’t it be lovely if the price tag on your new home was all you had to pay? In reality, there are several hidden and…
How to clear your credit record before applying for a bond
A credit report reflects your financial health: what you spend your income on, whether you can afford the debt you have, and whether any lender…
The Advantage of a Deposit
38% of bank approvals are currently subject to a lower offer – there is therefore an increasing need for homebuyers to have a deposit available…