Leading with good news for the South African economy – an increase in GDP growth projections, inflation remaining within target, SME’s staying afloat post-COVID and the World Bank extending a loan for the development of alternative energy solutions…
Read the rest of entry »
The decision by the Monetary Policy Committee (MPC) of the Reserve Bank not to raise interest rates again has provided a candidate for “good news item of the year”. With a bit of luck and a further drop in inflation over the next two months, rate cuts could occur before year-end.
Buyer prequalifications are the very beginning of a smooth and successful sale process, and as such should not be left to the administrative department. We ensure that all prequals are completed by an experienced consultant to guarantee the feedback is right, relevant, and swift. We'll not only give you a home loan amount, but also advise on LTV and income restrictions. If the buyer is not ready to purchase, we work with them until they are.
The late 1990s and early 2000s witnessed the growth of mortgage origination companies in South Africa. These companies acted as intermediaries between borrowers and lenders, helping borrowers secure mortgage loans by matching them with suitable lenders and assisting with the application process. Mortgage origination companies played a crucial role in increasing competition, streamlining processes, and expanding access to mortgage finance.
Self-employed individuals in South Africa can absolutely obtain a home loan. However, the process may require more documentation and present additional challenges compared to salaried individuals.
A home loan pre-approval provides you with a clear understanding of how much you can afford and helps you focus your house hunting efforts accordingly.
One of the most crucial mistakes potential homebuyers make is failing to adequately prepare their finances before applying for a home loan. Failing to do so may result in loan rejections or unfavorable interest rates.
The closure of deeds offices has a significant impact on the property market. Without the deeds office, property transactions cannot be completed, and buyers and sellers are left waiting. A deeds office closure directly affects the sellers, buyers, property practitioners, attorneys and bond originators.
Commercial bond applications are notoriously complex and time-consuming. Submissions from bond originators are typically a ‘lead referral’, with no pre-assessment of the client. Phoenix Bonds offers a point of difference - we aim to streamline this process and ensure that only the applications with merit will be submitted, to ensure that a consistent stream of qualified buyers are delivered to our banking partners.
Embarking on a property development project in South Africa can be an exciting and lucrative venture. However, before you can break ground, you'll need to secure development approvals from the relevant authorities.
Get the latest updates in your email box automatically.