Property Investment
Find out more about the slight differences in the Bond Approval Process when buying Off-Plan or in a new development...
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It’s no doubt that 2023 was a tough year for real estate - unfavourable selling conditions, characterised by diminished affordability and tighter lending standards, have caused many homeowners to re-evaluate their decisions.
Some tidbits from an optimist - could 2024 be the Golden Year in Real Estate in South Africa?
One of the most crucial mistakes potential homebuyers make is failing to adequately prepare their finances before applying for a home loan. Failing to do so may result in loan rejections or unfavorable interest rates.
Commercial bond applications are notoriously complex and time-consuming. Submissions from bond originators are typically a ‘lead referral’, with no pre-assessment of the client. Phoenix Bonds offers a point of difference - we aim to streamline this process and ensure that only the applications with merit will be submitted, to ensure that a consistent stream of qualified buyers are delivered to our banking partners.
In this blog, we will explore how consulting with expert bond originators and property professionals, such as Phoenix Bonds South Africa, can help you stay within the legal boundaries of South Africa when renting or buying property as a foreigner.
In South Africa, the financial services industry is highly regulated to protect consumers and maintain stability in the economy. The main regulatory frameworks that govern our industry include the Financial Sector Regulation Act (FSRA) and the Companies Act, among others.
Bond origination is a complex process that requires a deep understanding of the financial market, risk management techniques and credit analysis. In this blog post, we will provide an in-depth look at credit analysis and risk management.
Fluctuations in property value and interest rates can also affect prospective buyers. With the current increase in interest rates, the cost of financing rises, and demand for credit weakens over time, resulting in lower house prices. As house prices decline, it can be a good time to purchase property, provided you have enough financial leeway to withstand the risk of potential further interest rate hikes.
The current economic climate in South Africa has many prospective and current homeowners worried about rising interest rates and the cost of living, and applying for a bond may seem like something only a select few can afford to do.
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