of theirs and the good news is there seems to be a swing in the opposite direction.
Is this because the mood and sentiment is at a low ebb and clients are moving away from there traditional banks for other savings havens?
Never sure, but the decision by Standard bank to offer 100% home loans to non- standard bank clients in April 2013 is a definite positive swing.
so what do banks offer in general:
Firstly, this changes often so call your broker or call your mortgage originator first,
But as it stands: Remember other conditions always apply.
Standard Bank 100% home loans to all
FNB - will consider 100% home loan to all but favour their own clients
ABSA - will consider 100% home loans to all, but favour there own clients
Nedbank - Only for Nedbank clients
Investec - for Investec clients or meeting strict criteria
SA Home Loans - will consider but more like a 90% loan
Other kinds of offers in general are - These can change
- Investment property usually max. 75%
- Self employed clients usually max. 85%
- Foreign applicants with no green ID books max. 50%
- Foreign applicant married to South African max. 50 -75% (South African must be higher income earner)
- Vacant Land 60%