bond

  1. C

    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    I put in a R1.8m+R0.5m deposit offer on a 4-bed house currently under executorship. I believe that's the legal term they use when an owner dies. The husband died a few years ago from what I gather. Since then the wife seems to have been struggling to maintain the place. Eskom and water were both...
  3. wbot

    Licence To Vote: Best Bond Movie & Theme Song

    Let's settle this once and for all... :p Which Bond movie is your favourite and why? Vote in the poll (Link) and comment below. Feel free to chat, argue and fight it out! Also, in the second post, check out all the Bond Theme Songs and vote for your favourite. Will try to keep the results...
  4. NeonNinja

    Is this true? Interest rate and bonds

    A friend of mine sent me a video of this guy talking about property and interest rates. Guy says if you pay R5k into your bond, you can do 2 x fortnight payments of R2500 each to kill off the interest quicker, or you can pay equal amounts each day (R166) and finish your repayments in 8 years or...
  5. L

    Pension Payout Advice

    Need advice regarding my pension payout. I resigned from my job that I had for 7 months and decided to ask for a payout. During the time working I did and still do have a private RA. So basically have 2 retirement funds. I am now in the process of purchasing a home and have got my pension...
  6. D

    Penalties on settling bond early?

    I was looking to buy an apartment that is selling off plan. It's currently selling for R1.1m If I was to sell the property after everything is fully built in the complex for more than I purchased and settled the balance with bank after 2 years of taking the bond, would I be charged a penalty...
  7. A

    Mortgage interest rate expiration?

    Bought a property May 2019 and have been paying diligently (including extra R2k/month on average). Variable interest rate: prime -0.1. Absa sent a letter this month saying that my interest rate will expire next month and the new interest will be prime +0.05. Just seems fishy that they'd suddenly...
  8. the_knowledge_seeker

    Buying a house, but divorce not finalized

    Hi all. I have done my divorce myself via the magistrate’s courts. We filed mid last year and was hoping that it would be sorted by now. Anyway, I have applied to buy a house and it seems I cannot continue without the divorce being finalized as I was married COP. Is there anyway of speeding...
  9. Johnatan56

    How do joint mortgages work if a member has no credit record?

    So, "hypothetical" situation/scoping out. I'm currently a student, with no real income or credit record, with plans to study at least another two years for an IT NQF9 masters. My mother is nearing retirement age, with enough fixed assets in South Africa to pay for the full worth of the bond...
  10. S

    Death, Disability & Retrenchment Insurance when buying a house

    My SO and I have recently bought a house, with a +/-70% bond. Of course with a bond you have to take bond insurance, but the banks and Ooba are also offering death etc insurance. I am reluctant to take this as it is money every month that we could save or put towards this 'fixer upper'...
  11. Puk

    I bought a house and its financially choking me

    As a relatively young guy of 26, I bought my first house. Got a 100% loan without any deposit. Here's the plot twist, though: I was duped by the estate agent - the interest rates from the banks were NOT good at all and I wanted to pull out. They ended up forcing me to buy the place since...
  12. Z

    Home Purchasing / Transfer

    Good Day fellow Forumites. I have the following situation, I currently reside with my mother, with whom the current property is registered in her name. She lost her job in 2016, in which I then deposited money into her account so that the bond may be debited from it. The bond is in her name...
  13. C

    Banks scoring method for bond approval

    Hi Everyone, My understanding is that the banks use a specific method of scoring an individual when applying for a bond. Does anyone know how the scoring model works? I remember someone explained in a post, but I cannot seem to find the post :(
  14. C

    Cost involved when owning a home

    I have found a flat I would like to purchase. I am not 100% what the monthly costs like rates and taxes and building insurance etc would be. I am looking for a rough idea of the costs to ensure I budget correctly. Figures are as follows: Price of flat: R1 049 990 Bond per month @12% with no...
  15. S

    Bond interest rate

    So ABSA offered me prime + 0.21% for a home loan of R1.35mil less R200k deposit so R1.15mil. I declined their offer and they came back with a "final offer" of prime + 0.01%. I declined their offer yet again, even though they said that would be their "final offer". They eventually came...
  16. S

    Access Bond to Create Wealth

    Hi Guys I have an idea and want to know if you think it will work. This is the idea: I want to buy a property (+/-R500k) via a bond. (I can cover the transfer costs and 10% deposit) I want to put tenants in and I expect to be paying in an extra +/-R1000 per month to cover levies...
  17. C

    Recourse with Bond Attorneys

    Hi, Bought a new place, and I am in the middle of a dispute with my bond attorneys. Essentially they have dragged their heels for the last 2 weeks, delaying lodging, and as I result I have had to incur occupational interest. Everyone else was ready ages ago (conveyancers, bond cancellations...
  18. S

    Recent experiences with homeloan application

    Took some time to write up my recent experiences over in Health, Wealth and Leisure and figured I may as well post something here with proper tags. I recently went through the experience of buying a home and applying for a bond and thought I'd write up something on my experiences for...
  19. N

    Using your bond instead of a personal loan

    Hey guys I am in the process of buying a new car, and of course the dealer wants my trade-in for next to nothing. So I want to come up with a bigger deposit - less interest on the car (12.5% fixed 60month) - I know it can be done, its just FNB Rosebank has a habit of telling me nothing is...
  20. Inky1980

    Want to buy house, but I have a judgement against my name

    Hi all, I want to buy a house, but I have a judgement against my name for about 25k. I can't afford to settle this amount, but I can contact this company and make an arrangement. Will they remove the judgement for me if I arrange to pay it off? What are my options here?
  21. C

    Advice? Bought house and current tenants refuse to move?

    I need some advice. I bought a town house and my offer to purchase stated that I were to move in 1 Dec 2013. The premises is currently being leased to someone else. But now they refuse to move. I am all packed and nowhere to go. I have to be out by the end of this week in the place that...
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