An update straight from the horses mouth!
“We explored whether ABSA home loans are in the near future going to introduce a 100% LTV offering to the market and improve the current 70% LTV offering to non-ABSA customers. From the feed-back received from the ABSA home loans Head Office team yesterday, it seems unlikely that in the short-term ABSA are going to move on their LTV’s in the aforementioned categories.
ABSA home loans also confirmed that their direct LTV offering definitely did not include 100% loans. ABSA only offer 100% loans to qualifying applicants for their My Home product (up to 110% risk) and to qualified purchasers of their pre-PIP’s (properties in possession) and PIP’s. These 100% loans are available through all channels, including origination.
WizardMan Out!
10 comments:
How can one apply for the loan?
Boy houses for a pound is really big here with promos going on everywhere….pretty exciting stuff
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Thanks a lot for this nice blog post. Everyone who owns a home has this added advantage of having an easy access to loans. Not only that if you have a home but do not want to risk it for a loan, you can still avail a loan on the basis of your home as it provides a certain amount of assurance to the lender. We can say there are home loans for every one. Home loans for everyone means almost every type of borrowers are covered under home loans. This in turn means that home loans cater to variety of purposes also. You can take home loans for home improvements, debt consolidation, wedding, holiday tour etc. Whatever may be the purpose, home loans have this common advantage for everyone. For more details visit us at Mortgage leads.
Thanks for sharing this great post.
Wish you all the best.
hi I was looking forward to seeing the 100% LTV offering since the current 70% LTV offering was not as good as I thought, thanks for the information!
all depends of the move in the market and the propusal of the entity interest in your business, for that reaso you can't assure the comple success of your business with this technique.
I THINK there are some mistakes in those statistics because I got in an important magazine something different that's why I want to share that information with you.
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