Thursday 22 May 2008

Standard Bank Home Loans: Std Bank Change Lending Policy!

Standard Bank Homeloan Changes to Cost Inclusive offerings, Vacant Land and Loan To Value loans.

In light of current economic circumstances Standard Bank Home Loans has made the following changes with immediate effect

Cost Inclusive loans:

Standard Bank will no longer be offering Cost Inclusive Loans to NON-first time home buyers.
Jumpstart (first time home buyer) loans will be restricted to a maximum loan amount of R1 million (excluding costs).

Vacant Land:
All Vacant Land loans have been restricted to a maximum LTV of 75%.

Standard Bank will also require deposits for higher value loan amounts:
All loan amounts greater than R3 million will be restricted to a maximum LTV of 80%

Seems as though my predictions were incorrect! They're all following suit!!

7 comments:

Anonymous said...

no credit check loans is bad credit loans is available on simple term and condition.no credit check loans is specially design for bad creditor,people who have bad history and people that have not sufficient credit for loans but this loans have a little higher rate of interest and available anywhere.

http://www.loansx.co.uk/

Handy Saputra said...

Fantastic resource. With the constant change in the home loan markets, good up to date resources are essential.
Thanks!

Home Loan, Mortgage Articles, Resources and Information

Anonymous said...

Unsecured business loans can take care of the financial needs of every borrower looking for investing in business. A short-term unsecured business loans will be needed for short term financial needs that spring up during the course of business. If you need to pay money instantly you can borrow money in the form of unsecured business loans and pay back as soon as you have funds.Long-term business loans are required for purposes that do not immediately start bearing profits and where the value of the investment is high.


http://www.ukfinanceworld.co.uk/

Anonymous said...

Unsecured personal loans can be availed without the need for the borrower to furnish any security against the loan amount. These loans are specifically meant for tenants, and borrowers who have security but are not willing to risk the same. Interest rates on an unsecured personal loans
are generally higher. With security missing, lenders do this as a way of keeping a margin against a potential default from the borrower. However, at Shakespearefinance, we constantly try to provide unsecured loans with competitive rates to our customers.

http://www.baddebtpersonalloans.co.uk/

Anonymous said...

If you need to pay money instantly you can borrow money in the form of unsecured business loans and pay back as soon as you have funds.Long-term business loans are required for purposes that do not immediately start bearing profits and where the value of the investment is high,these loans are specifically meant for tenants, and borrowers who have security but are not willing to risk the same.

Anonymous said...

Home loans have to be taken carefully.See low rate home equity loan.

Anonymous said...

Very nice article dude
regards

http://pastisold.com/

thank you :)
http://adessominikeyboard.com/

thank you :)
http://eymoney.com/

thank you :)
http://ceweqsakti.com/

thank you :)