Sexwale 'will shame any reluctant lender'

Human Settlements Minister Tokyo Sexwale will name and shame banks that fail to come to the party in support of his R1 billion plan to guarantee loans for people who don't qualify for state housing but also can't obtain mortgage loans.

Posted at 10:27AM Mar 08, 2010 by Editor in Home Loans  |  Comments[4]

Banks start to ease up with bond applications

WITH banks beginning to relax their lending policies, there is support for a revival in the property market and now is the time to apply for a bond.

Posted at 07:53AM Feb 07, 2010 by Editor in Home Loans  | 

'Rate decision won't derail housing demand growth'

Tuesday's repo rate decision by the SA Reserve Bank (SARB) is not expected to derail housing and mortgage demand growth, FNB property strategist John Loos said.

Posted at 09:42AM Jan 28, 2010 by Editor in Home Loans  | 

Rate of house price growth accelerating : ABSA

Nominal year-on-year house price growth in the local housing market picked up further in November 2009, Absa said on Monday.

Posted at 10:33AM Dec 07, 2009 by Editor in Home Loans  | 

Estate agents blame banks for lack of home loans

Estate agents are still struggling to secure loans for house buyers and say that in spite of banks offering 100 percent bonds, many financial institutions are not delivering on their promise.

Posted at 09:30AM Nov 23, 2009 by Editor in Home Loans  |  Comments[1]

Credit crunch hits 'black diamonds' the hardest

The credit crunch over the past two years has caused the percentage of black homebuyers in Johannesburg's middle and upper-income suburbs to drop dramatically and is slowing the full integration of these areas.

Posted at 01:56PM Nov 20, 2009 by Editor in Home Loans  |  Comments[1]

Reserve bank keeps repo rate unchanged

The latest repo rate decision by the SA Reserve Bank means no festive celebrations for the property market, says Brian Falconer, CEO of Colliers Residential.

Posted at 03:34PM Nov 17, 2009 by Editor in Home Loans  | 

Banks still reluctant to issue bonds, says expert

Although all South African banks have increased the number of residential property mortgage bonds they are prepared to issue and have improved the loan-to-value ratios (in some cases to 100 or even 105 percent); they remain cautious about SA's growth prospects.

Posted at 09:57AM Nov 16, 2009 by Editor in Home Loans  | 

Home loan applications drowning in NCA red tape

Home loan applications are still not being approved as readily as they should be, given banks' public commitments to reopening the credit taps for property and this year's cuts in interest rates.

Posted at 01:12PM Nov 13, 2009 by Editor in Home Loans  |  Comments[1]

Index shows 'rise in house prices'

In a statement on Friday, home loan originator ooba, formerly known as MortgageSA, said that its October oobarometer price index had shown a rise in year-on-year house prices of 9.9 percent.

Posted at 08:35AM Nov 13, 2009 by Editor in Home Loans  |