South African tenants do not need to pay rent as well as save up separately for a deposit on a home anymore. Tenants in Johannesburg and Cape Town can now search for any home priced from R400,000 to R1,8m in any one of the two
Tenants battling to pay their rent and save for a deposit for their new home can now use their rent to buy their new home.
Uniquely, this product is available for all approved properties in Cape Town and now also in Gauteng, priced from R400,000 to
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
Between 30% and 50% of all first-time buyer bond applications are denied, according to stats by bond originator, BetterBond, and Rent2buy founder, Meyer de Waal. BetterBond CEO, Shaun Rademeyer, notes that the average home price in the year to end-June was R1,095m, with the average