Olen - Bond Originator @PropertyLoans

Buying out a co-owner on a bonded property in South Africa takes three steps. An attorney drafts a sale agreement for the half share; you apply for a new bond in your own name; and a pre-approval confirms you can afford the property without your co-owner's income. Get in touch for your free pre-approval assessment: ✉️ Email: [email protected] 💬 WhatsApp: 066 036 9189 Disclaimer: This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

"The best home loan isn't the fastest one. It's the one that works hardest for you - for every year you're paying it off."

Bonus Income Can Unlock a Bigger Bond Approval TLDR: A South African bank can include your last 2 to 3 years of bonus income in its affordability calculation, and counting that bonus income for a home loan can lift the bond you qualify for, sometimes enough to buy a home your salary alone wouldn't reach. --- If your salary won't stretch to the home you want, your bonus history might close the gap. The bank's affordability calculation often looks different from the sum you run in your head, and most buyers never realise their consistent annual bonuses can count toward what they qualify for. In a recent case, I went back through a client's previous two to three years of bonus payments from their employer and used that record to increase their affordability. It was the difference between buying their dream home now and waiting up to a year. Banks each follow their own formula, but there's room to work within their lending policy to present your income properly. If you earn a regular bonus, it could be doing more for your application than you think. Let's look at your numbers before you assume you can't afford it. Get in touch for your free pre-approval assessment: ✉️ Email: [email protected] 💬 WhatsApp: 066 036 9189 Disclaimer: This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

@amila_nd Yes, this applies to standalone plots

The banks cap vacant land bonds at 60%. But it's not a qualification problem - it's a structuring problem. Same buyer, same vacant land, same bank. Structure it as a plot-and-plan, and you could secure 100% funding for the land and the build

Do the banks still offer 108% bonds for properties over R4m? . . . Disclaimer: This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

The calculation takes a few minutes. The mistake takes months to undo. Get your full cost breakdown before you make any offer. I can run the numbers for you - for free. Reach out before you start viewing. email : [email protected]

6. Bond registration fees are negotiable. We can approach the bond attorneys on your behalf and ask for a discount. Most of the time, we do secure one. It can save you several thousand rand. Always ask before accepting the full cost.

I had a pre-approved client message me recently asking how to split up her deposit. It's a question I get more than you'd think - and most buyers haven't worked through the answer yet. Here's what your savings need to cover: 🧵

Bond Approval In Principle (AIP). What to Do the Moment It Arrives Your bond approval in principle, also called an AIP, isn't just a document for your records. It's the bank's formal signal that your income, credit, and affordability have been assessed and approved, subject only to a property valuation. And there's one thing most buyers miss the moment they receive it: Send it immediately to your estate agent & your transfer attorneys. The estate agent needs it to understand your finance is essentially confirmed. That single email can stop them from scheduling further viewings or entertaining other offers while your application is being processed. If you haven't yet signed your offer to purchase, reach out to me before you apply. We'll make sure you're guided through every step of the process. Get in touch for your free pre-approval assessment: Email: [email protected] WhatsApp: 066 036 9189

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"The rate your bank offers you on day one is not the rate they'll offer once they know they're not the only option." That's not a theory. It's something I watch happen all the time. Banks are competing for a 20-year account. When they know other lenders are in the room, their pricing sharpens. The rate concession we typically see is 0.25% to 0.50% lower than a direct bank application. On a 20-year bond, that's tens of thousands of rand. 🔵

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Before you accept any offer on a plot and plan deal, get your bond originator to compare every approval side by side - including how each bank structures the build-phase charging. Free service. One conversation. The kind of clarity that protects you when the build runs long.

7. Often, the banks 'charging structure' matters more than the rate. Borrower-friendly: interest only on drawn amounts. Alternative: full capital repayments from registration on the entire loan. Same rate. Same term. Tens of thousands of rands per month difference.

A plot & plan building bond is one of the most misunderstood structures in property finance. Most buyers only see the approval. They don’t see how the money actually moves - or what it costs during the build. Here’s what you need to know before you sign: 🧵