Finding the right property finance options for South Africa, is hard enough as a South African, it is even harder as a foreigner. The challenges for a foreigner can seem overwhelming, when looking into the different property finance options for South Africa.
Fortunately for you, we would like to offer you a solution the problem.
What is the best way to find property finance options for South Africa?
Property finance should ideally be discussed before any offer is made to purchase a property. This allows for the correct advice to be given in terms of:
- Amounts that can be borrowed
- Likely repayments
- The most appropriate type of bond – fixed, variable, etc.
- Whether an access bond is appropriate
What is a bond?
In South Africa, a bond refers to an amount borrowed against a property. This can be for the purposes of purchasing or raising finds. In return for the bank (or other lending institution) granting a bond, the bond holder (borrower) is required to make a monthly payment of interest and capital. The property is used as collateral by the lender in case of non-payment by the bond holder.
How do I obtain property finance options for South Africa?
If you are a foreigner and you are looking to obtain property finance options for South Africa, then it may be within your best interest to look into what the different banks can offer you.
Remember that it is going to be worth your while to look at all your options , prior to making a decision. Unfortunately too many people may be desperate to obtain property finance and overlook some of their options. Rather take the time and make the effort to look into all the options available to you.
Not only can the banks help you, but with sufficient research you will find various companies, who will be willing and able to assist you with your property finance. There are many South African finance companies , who focus their attentions on property finance for those interested in commercial and residential properties.
Getting help with your visa or permit application
We welcome the opportunity to consult with you as to your eligibility for a visa /permit and answer any questions you may have with no obligation.