Buying a house....

werny said:
Yup, if ABSA's (my bank) offer don't match Nedbank's then I'll definitely go in and query it, luckily I know someone at ABSA that might be able to assist me. It's either that or they lose me as a client and I move over to Nedbank, Nedbank will also lower the interest rate if I do that, will then be 9.40%.
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The banks work together (and if to many applicants at one bank approved for one month, the start declining, giving other banks also work).

I wont move banks just for a homeloan at another bank. If you have a flexi bond (just keep pushing as much if you can into that) ... you will save on interest in the long run !
 
werny said:
Yup, if ABSA's (my bank) offer don't match Nedbank's then I'll definitely go in and query it, luckily I know someone at ABSA that might be able to assist me. It's either that or they lose me as a client and I move over to Nedbank, Nedbank will also lower the interest rate if I do that, will then be 9.40%.
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I've been becoming gatvol with Standard Bank for the last few months with their downtime at the worst possible times - at the end of the month. The other day I was stuck in Spar because I forgot me card at home and wanted to make use of the Intant Money service to withdraw money at the til. The USSD was down and the app gave me a technical error. I had to leave my basket.

Anyway, my point is I need a new bank and my bond is with Nedbank. I'd seriously consider moving my banking to them if you can confirm what you've posted with a link of sorts please.
 
So, the wife and I are looking at buying our first home. Reading the horror stories makes me wonder if its all worth it!

Also, since the wife is British and we are married in COP; I suspect I am going to have a real tough time getting a bond approved.

Fun times...
 
So after being completely in the dark with regards to timelines I asked the transfer attorneys very nicely for a rough indication, "oh it'll be transferred and registered by the end of the month", ie: 13 days, spiffy....
 
ScottulusMaximus said:
So after being completely in the dark with regards to timelines I asked the transfer attorneys very nicely for a rough indication, "oh it'll be transferred and registered by the end of the month", ie: 13 days, spiffy....
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Don't hold your breath. There might still be some things that hold it up.
 
ScottulusMaximus said:
Certainly hope so because if we need to move in 2 weeks I'm @()=ed
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you could end up paying occ rent for the period :-(. Mine was held up because the tenants of the owner had gypoed the prepaid meter. So it took weeeeks to get that sorted.
 
ScottulusMaximus said:
Certainly hope so because if we need to move in 2 weeks I'm @()=ed
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My bond was approved in June last year and the latest is that the transfer might only go through by the end of this year. Granted this is buying straight from a developer's first phase and and the first batch of registrations have to be done together, but I've been living in my place since March paying occupational rent (in my case it actually works out in my favour).
 
Honey Badger said:
I've been becoming gatvol with Standard Bank for the last few months with their downtime at the worst possible times - at the end of the month. The other day I was stuck in Spar because I forgot me card at home and wanted to make use of the Intant Money service to withdraw money at the til. The USSD was down and the app gave me a technical error. I had to leave my basket.

Anyway, my point is I need a new bank and my bond is with Nedbank. I'd seriously consider moving my banking to them if you can confirm what you've posted with a link of sorts please.
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We have 2 bonds with Nedbank. My personal account and my business accounts are with Nedbank and also 2 other investment policies.
They give better interest rates the more products you have with them. We get below prime. Not sure what prime is right now. Can't remember now, seem to recall we're more than -1%. Think -%1.5 on the one bond and -2% on the other.

(we're currently weighing up options, considering to sell both and buy a place that can accomodate is folks in a flatlet on the property.


Shoot me now please!)
 
pinball wizard said:
Oh, I thought it said "buying a horse".
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Probably would have been easier...

Lupus said:
you could end up paying occ rent for the period :-(. Mine was held up because the tenants of the owner had gypoed the prepaid meter. So it took weeeeks to get that sorted.
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Hamster said:
My bond was approved in June last year and the latest is that the transfer might only go through by the end of this year. Granted this is buying straight from a developer's first phase and and the first batch of registrations have to be done together, but I've been living in my place since March paying occupational rent (in my case it actually works out in my favour).
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Just got confirmation it has been lodged today so 8 working days max means by end of July it'll be in our names.

Currently renting till end Sept so have to organise new tenants in here asap or I'm still responsible for rent until then. I have to arrange occupational rent for the seller to pay until they are ready to move out, and I don't know when that will be yet...

Fun times! I'm sure it'll work out though :)
 
ScottulusMaximus said:
Probably would have been easier...





Just got confirmation it has been lodged today so 8 working days max means by end of July it'll be in our names.

Currently renting till end Sept so have to organise new tenants in here asap or I'm still responsible for rent until then. I have to arrange occupational rent for the seller to pay until they are ready to move out, and I don't know when that will be yet...

Fun times! I'm sure it'll work out though :)
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Asked your landlord if you can terminate your lease early?
 
ScottulusMaximus said:
Probably would have been easier...





Just got confirmation it has been lodged today so 8 working days max means by end of July it'll be in our names.

Currently renting till end Sept so have to organise new tenants in here asap or I'm still responsible for rent until then. I have to arrange occupational rent for the seller to pay until they are ready to move out, and I don't know when that will be yet...

Fun times! I'm sure it'll work out though :)
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What do you mean you don't know yet. It's stated in the OTP when he has to be out and if they don''t have a place the amount of the occupational rent they'd have to pay is on there as well. Unless you have a really schit agent
 
Recallza said:
Asked your landlord if you can terminate your lease early?
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Yip, isn't a problem the agent just needs to get another tenant in.

Honey Badger said:
What do you mean you don't know yet. It's stated in the OTP when he has to be out and if they don''t have a place the amount of the occupational rent they'd have to pay is on there as well. Unless you have a really schit agent
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OTP says latest end Sept, we didn't put in occupational rent on, thought we would get a bit more warning as to when it would be transferred than 2 weeks... Lawyers are drawing up an addendum so not too much of a disaster.
 
Just been through this in the past few months and I wish I could say it was over as it's been registered in my name on Monday but now apparrrently I need to go into an FNB branch to authorize debit order and no idea what I need to do at municipality or how I'll receive the municipal bill?

House is currently on post paid,should I change to prepaid?Dealing with municipality sending them monthly readings etc would be a schlep to me personally.
 
Rouxenator said:
Reading through this I'm so glad we bought our house in 2007. Got prime -2 and in 8 years time (hopefully less) this will be paid off.
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Also bought in 2007, also got prime -2, also hoping to pay it off in less than the remaining 8 years
 
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