Saving up for a home loan deposit while renting can be a big challenge for many South Africans. Tenants who pay on time and in full may feel they do not have wiggle room in their budget to set aside some money each month to
Nearly half of all new home loan applications received by bond originator, ooba, are from buyers who have no access to a deposit, but 74% of these applicants are successful in their bid to secure 100% bonds
This is according to Kay Geldenhuys, property finance processing
The average purchase price between Q4 2015 and Q4 2016 showed positive nominal (including consumer price inflation) growth of 7.1%; while nominal quarter-on-quarter growth from Q3 to Q4 2016 confirms that growth in the property market has slowed significantly.
This is according to Rhys Dyer, bond
Almost half of all mortgage applications were declined in Q3 2016 compared with the same period last year. This is according to quarterly property statistics released by bond originator, ooba, which explains this is as a result of buyer’s lack of affordability.
“There has been a