Dear Business Partner, Please find attached the updated Minimum Required Document and LTV Matrices Changes made: NedbankSelf-Employed criteria. Kind Regards,The BondExcel Team 

Dear Business Partner, Please find attached the latest FNB residential property report. Summary: Market overview and current trends The latest FNB House Price Index (HPI) highlights a gradual but steady recovery in the housing market. House price growth averaged 0.9% y/y in December, slightly below November’s revised 1.0%, bringing the annual average to 0.8%—in line with forecasts but lower than …

21 Nov 2024 The Monetary Policy Committee (MPC) lowered the interest rate by 25 basis points. The prime lending rate therefore changes to 11.25%, and the repo rate drops to 7.75%. Governor of the South African Reserve Bank, Lesetja Kganyago, said in his announcement today that since their previous meeting, the global macroeconomic context has become more challenging. “The dollar has appreciated …

25 November 2024   South African Consumers Maintain Positive Property Market Outlook, Latest Absa Homeowners Sentiment Index Shows The outlook for South African residential property remains positive with 84% of respondents surveyed in the Q3 Absa Homeowner Sentiment Index (HSI) indicating their confidence in the future of the market.  This barometer of consumer sentiment maintained the same score over the last …

Dear Business Partner Please find attached the latest FNB Residential Property Barometer. Highlights: A stagnant house price index despite renewed buying activityThe latest FNB House Price Index (HPI) indicates a continued period of price stagnation, with just 0.3% y/y growth in October, down from 0.5% in September. This comes despite signs of a recovery in buying activity. A historical comparison …

Dear Business Partner Please find attached the latest FNB Residential Property Barometer. Highlights: Benign inflation and imminent rate cutting cycle offer a glimmer of hope to the housing market Forecast changesWe have revised our inflation outlook downward, primarily due to a quicker strengthening in the rand exchange rate as domestic political uncertainty has eased and global sentiment improves. This adjustment …

In a significant move today, the South African Reserve Bank has lowered the interest rate by 0.25 percentage points. This decision is expected to have a significant impact on consumers, businesses, and the overall economy. Experts are already sharing their insights on what this rate cut means for South Africans. “…not enough to make any real difference to consumers” Harcourts CEO, Richard Gray’s says: …

Dear Business Partner Please find attached the latest FNB Residential Property Barometer. Summary: Housing market update: Slowdown with glimmer of hope The FNB House Price Index edged up to 0.5% y/y growth in June, a slight improvement from 0.3% in May. The low house price growth trajectory aligns with expectations given the persistent high living and borrowing costs. Notably, lower-priced …

Dear Business Partner Please find updated LTV Matrix herewith attached. Changes made:-Sentinel: – SA Citizens and Permanent Residents, 100% LTV considered to a maximum of R3m. – Loans with an LTV of <86% can be considered up to R3.3m. RegardsThe BondExcel Team