Following in its competitors footsteps Nedbank has decided to relax its deposit requirements for home loans and in certain circumstances grant 100% home loans. Nedbank’s decision comes as no surprise as Absa announced last month that they will consider approving 110% mortgage bonds to clients who earn less than R11,000 per month. Absa was the first Bank to provide relief to people in the low-income bracket.
Following a tough 18 months for people selling their properties and estate agents this positive news is a welcome sign of improving economic conditions. The past year and a half witnessed thousands of property industry jobs being shed due to the dramatic drop in sales volume in the property market.
Technorati Tags: homeloans, nedbank home loans
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18 May 2005
The extensive restructuring and the re-establishment of a dedicated Nedbank Home Loan business unit has resulted in a marked decline in the bank’s loss of home loan market share compared to that of five months ago.
Technorati Tags: homeloans, mortgage, nedbank home loans
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June 14, 2005
South African Home Loans* (SAHL) will soon be launching another exciting innovation for the South Africa securitisation market: the first listed residential mortgage warehousing conduit, the Thekwini Conduit, arranged by Standard Bank.
Technorati Tags: sa home loans, sa homeloans, standard bank home loans
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June 22, 2005
According to an article on the Business Day Website, SARS will be able to delay the transfer of your property if your tax affairs are not in order.
The new regulation, that came into effect last month, will affect all taxpayer, from induviduals through to companies. Lindsay Williams asked Peter Frank, SARS Law Administrator, to explain about the new law and why it has been introduced.
Technorati Tags: delay, property transfer, sars
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July 11, 2005
Standard Bank has been ranked No. 1 in sub-Saharan Africa in The Banker Top 1 000 World Banks 2005, an annual ranking of the world’s commercial banks.
Standard Bank is now ranked No. 108 in the world, up from 116 in 2004.
The rankings are based on Tier One capital as defined by Basel’s Bank for International Settlements. The definition is more strict than total stockholders’ equity and covers only the core of the bank’s strength; the shareholders’ equity available to cover actual or potential losses.
Technorati Tags: standard bank home loans, standardbank
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August 15, 2005
With SA Homeloans Varifix, you now have to option to fix your home loan for a period of 20 years. There are some important things to keep in mind before signing up for such a long term.
The current Varifix rate is set at about 12%, whereas SA Homeloans and most of the larger banks currently offer between 8.5% and 9.1% on variable loans. This means that if you do fix your rate, interest rates must increase by at least 3% before you will start to break even.
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Before Nedbank goes public with its new brand campaign, it is strategically launching a platform of new and unique product offerings, to differentiate the financial institution, including two new Affinity programmes.
Boniswa Pezisa, Net#work BBDO’s Deputy MD says: “Over the years Nedbank has championed affinity marketing, which has enabled its clients to contribute towards sports, arts and culture and the conservation of endangered wildlife.
Technorati Tags: home loans, homeloans, nedbank products
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Issued by: C-Cubed Communications
First National Bank (FNB) has followed its highly entertaining launch and awareness campaigns for the One Account with a tongue-in-cheek take on one of television’s most successful ‘soapies’ – Days of Our Lives.
Developed by FNB’s marketing partner, FCB Johannesburg, the new One Account campaign is called ‘Loans of Our Lives’.
Technorati Tags: fnb home loans, loans of our lives, one account
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Most financial advisors are agreed that it is wise to get into the property market as soon as possible in order to start paying off your own bond rather than pay rent and pay off someone else’s bond.
However the property boom in South Africa over the last few years, which has pushed house prices sky high, has made buying a home increasingly difficult for many first-time buyers. Angelo Haggiyannes, director of Auto & General Insurance, says that while it has always been relatively common for couples to pool their income and buy a property together, now friends are doing the same in order to be able to enter the property market.
Technorati Tags: buy or rent, buy vs rent, property, south africa
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18 December 2005
The bubble inflated, then burst, then inflated again. Now finally it looks as if property prices are seemingly slowing or even decreasing. According to Robyn Farrell, director of 1 st for Women, “Now could be the right time for South African women to take a page out of celebrity property moguls such as Britney Spears, Angelina Jolie and Catherine Zeta-Jones’s book, and invest in the booming South African property market.”
Technorati Tags: homeowners insurance, property market
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