It is vital to realise that an offer to purchase a property is a legally binding contract and that you cannot get out of it without incurring onerous financial penalties. You should therefore be ready to purchase the property before you put in your offer, says Samuel Seeff, chairman of the Seeff Property Group. A property is a long-term purchase, and you need …
Updated | Income Matrix
Dear Business Partner Please find attached the updated Income Matrix. Please be guided. Regards,The BondExcel Team
Updated | First Home Finance Subsidy Table
First Home Finance Subsidy Table Dear Business Partner Please find attached the updated First Home Finance Subsidy Table as per the NHFC Website https://www.nhfc.co.za/finance-solutions/first-home-finance/ Regards,The BondExcel Team
FNB | Residential Property Barometer – August 2023
FNB | Residential Property Barometer – August 2023 Dear Business Partner Please find attached the latest FNB Residential Property Barometer. In summary: The FNB House Price Index growth slowed to 1.1% y/y in July, down from 1.6% in June (revised from 1.7%). This is in line with the continued decline in buying activity, with mortgage volumes now tracking closer to …
Updated LTV Matrix
Dear Business Partner Please find attached the updated LTV Matrix Changes made:Nedbank – as per communication received Maximum Loan Term changed to 30 years; 100% LTV considered up to R7.5m; Maximum age at the end of the bond term changed to 75 years.Personalisation of Matrices:The options to personalise with partner’s own logo are no longer released on email. These are now …
FNB | Updated Collective Buying FAQ’s
Please find attached the updated FNB Collective Buying FAQ’s and note the following changes have been made: Regards,The BondExcel Team
Repo Rate holds steady at 8.25%, homeowners breathe a sigh of relief
The South African Reserve Bank’s Monetary Policy Committee decided to keep the repurchase rate at its current level of 8.25% per year, with effect from 21 July 2023. Unchanged repo rate the correct decision, and a welcome reprieve The decision by the Monetary Policy Committee to keep the repo rate unchanged at 8.25% (prime and base home loan rate 11.75%), is a welcome …
How to reduce your home loan interest rate | Tips to relieve some financial pressure
If your goal is to pay the least possible amount of interest on your bond in the long-run, a variable interest rate is always going to be your best bet. However, if you’re facing uncertain financial times and are willing to pay a little extra for the security of knowing exactly what you owe each month (for up to 5 …
Is it still a good time to sell, or should you wait for a better economy?
A key fallout of the higher interest rate and cost of living is that it has driven many potential property buyers out of the market. While there are always exceptional areas, Samuel Seeff, chairman of the Seeff Property Group says that overall, the reality is that there are now fewer buyers in the market. A key fallout of the higher interest rate and cost of living is that it has driven many potential property buyers out of the market. While there are always …
Updated Matrices | Loan To Value (LTV) and Bank Product
Dear Business Partner Please find the updated LTV and Bank Product matrices herewith attached. 1. LTV Matrix 2. Bank Product Matrix Regards,The BondExcel Team