kjind Posted August 6, 2013 Share Why don't you use a bond originator? They sometimes have connections that will see the deal through. Link to comment Share on other sites More sharing options...
Robrider Posted August 6, 2013 Share And don't forget to budget the extra cash for upfront expenses, including attorney fees, bond registration and taxes Cassie 1 Link to comment Share on other sites More sharing options...
Ryno mey Posted August 6, 2013 Share Hi Madvics Send me your contact details to rmey@fnb.co.za and I will get one of our FNB Home Loan Sales Specialists to get in touch with you and help you through the process. RegardsRyno Little Fish 1 Link to comment Share on other sites More sharing options...
fandacious Posted August 6, 2013 Share And don't forget to budget the extra cash for upfront expenses, including attorney fees, bond registration and taxes banks normally grant 110% bond for first time buyers Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted August 6, 2013 Share banks normally grant 110% bond for first time buyers yeah, 10 years ago. I'd love to see a 110% bond on a FTB right now... Pure Savage, Ed-Zulu, Mr Winter and 1 other 4 Link to comment Share on other sites More sharing options...
Rudi Pollard Posted August 6, 2013 Share banks normally used to grant 110% bond for first time buyers fixed Link to comment Share on other sites More sharing options...
Mojoman Posted August 6, 2013 Share Why don't you use a bond originator? They sometimes have connections that will see the deal through.We went this route, bought a house back in Jan and moved in in May. Both myself and my partners are sole members of our own CC's so that really spices it up a bit!Our accountants also assisted with everything. But ja, what fun it was! Link to comment Share on other sites More sharing options...
Baaisikilist Posted August 6, 2013 Share   banks normally grant 110% bond for first time buyers Not a chance... Not even 100% anymore. 90 if you're lucky. Link to comment Share on other sites More sharing options...
fandacious Posted August 6, 2013 Share Not a chance... Not even 100% anymore. 90 if you're lucky. I got 95% on 2.5mil, and I've got a bond on another property. This is the 7th house I've bought Link to comment Share on other sites More sharing options...
madvics Posted August 6, 2013 Share We went this route, bought a house back in Jan and moved in in May. Both myself and my partners are sole members of our own CC's so that really spices it up a bit!Our accountants also assisted with everything. But ja, what fun it was!Thats the thing , if you work for someone, doesn't matter how the business is doing they look at your payslips bank statements and affordability, when its your own business they even want to know what toilet paper you use. Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted August 6, 2013 Share I got 95% on 2.5mil, and I've got a bond on another property. This is the 7th house I've bought Yeah Fands, but 110% - not a chance, buddy. Unless you've got substantial assets to back it up, no way a bank is going to grant a 110% bond in today's financial climate. Link to comment Share on other sites More sharing options...
Mojoman Posted August 6, 2013 Share Thats the thing , if you work for someone, doesn't matter how the business is doing they look at your payslips bank statements and affordability, when its your own business they even want to know what toilet paper you use.Ja, the banks dont care, we wound up making use of the bond originator as it seemed the easiest.Our account did all the financial paperwork and they did all the other stuff. Get the two together.But we are also first time house buyers. But its all a shlep and a PITA, but hang in there and it will work out though! Link to comment Share on other sites More sharing options...
Baaisikilist Posted August 6, 2013 Share   I got 95% on 2.5mil, and I've got a bond on another property. This is the 7th house I've bought Then you're not a 1st time buyer and have a relationship with the bank as an obvious 'good' client. ABSA is generally the bank that grants their own clients 95% bonds, but that's also dependant on a credit rating of 1. Link to comment Share on other sites More sharing options...
fandacious Posted August 6, 2013 Share Then you're not a 1st time buyer and have a relationship with the bank as an obvious 'good' client. ABSA is generally the bank that grants their own clients 95% bonds, but that's also dependant on a credit rating of 1. fnb Little Fish 1 Link to comment Share on other sites More sharing options...
Baaisikilist Posted August 6, 2013 Share   fnb Still, if it was your 1st home, its unlikely you would have gotten as good a deal.Your interest rate was probably far better too... Link to comment Share on other sites More sharing options...
fandacious Posted August 6, 2013 Share Still, if it was your 1st home, its unlikely you would have gotten as good a deal.Your interest rate was probably far better too... mmm so so - my existing bond is -2% I think I got -1.75% on this one Link to comment Share on other sites More sharing options...
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