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In May 09 Nedbank announced that they would reintroduce 100% home loans – to all clients purchasing a Nedbank Owned Property (NOP).
Just a few months later, on Sept. 29, the bank changed their lending policy to allow 100% bonds on normal property purchases.
According to their most recent change, Nedbank will consider offering you a 100% mortgage if you are buying a property up to the value of R3 million, and you have a favourable credit rating.
For properties over R3 million you will be able to secure a maximum of 85%.
Note:
All Nedbank Owned Property purchases still qualify for a full 100 percent bond. There are no limits in the purchase price in this regard.
It seems all the banks are beginning to have an optimistic view of toward lending, following the news that property prices are starting to increase again.
Find out how much you’ll qualify for. Contact one of our consultants.
Email: morne@mortgagepluscc.co.za
Ph: 011 327 4489
or Complete This Application Form Online
Please go to www.mortgagepluscc.co.za for more home loan options.
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