
49 5th Avenue, Florida
1 Bedroom, 1 bathroom, lounge, kitchen and
enclosed balcony.
67sqm
Was R220 000.00
Now
R150 000.00 (cash offers only)
Your neighborhood website
Aug 19th, 2010 by jkproperties
I get told every day that there just arent well priced properties available and I then start asking what exactly do you class as well priced?
And no one can ever really give me a straight answer.
I think they are just looking for an excuse to not buy a home.
Well I am about to tell you this is no longer an excuse.
If you are earning a combined Gross income of around R11 500 you will qualify for the following 3 properties.
I have made a short video and would like you to view it and give me feedback.
Is it good, Bad or just plain ugly?
Houses for sale in Leachville <— click here to view
What would you like to see in the next video?
What info do you want about a property?
Make it a great day.
Jaco Viljoen
082 712 4352
jaco@jkproperties.co.za
Aug 11th, 2010 by jkproperties
Bank Watch
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Residential Home Loan Application Checklist – Supporting documents required for ALL types of applications: EXISTING ABSA CLIENT- Full time Employed |
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1. Ordinary Loan
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Identity Document for all parties |
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Latest payroll Payslips |
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Offer to purchase to be signed by both parties |
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2. Further Advance – Ordinary
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Identity Document for all parties |
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Latest payroll Payslips |
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Quotation for building – when applying for additional finance for improvements |
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Up to date Rates and Taxes account – for no further bonds to be registered |
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Reason for further advance |
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3. Building Loan
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Identity Document for all parties |
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Latest payroll Payslips |
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Up to date Rates and Taxes account – for no further bonds to be registered |
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Signed Tender / Contract & Schedule of Finishes |
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Building plans to be submitted for Approval (with measurements) or Municipal Approved Plans |
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NHBRC Builders Registration |
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Signed Waiver of Builder’s Lien (Absa 1295 BX) |
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Signed Minimum Requirements (Absa 1284 EX) |
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4. Further Advance – Building
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All the documents stipulated in point 3 |
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NON ABSA CLIENT- Full time Employed |
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5. Ordinary Loan
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All the documents stipulated in point 1 |
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Latest 3 months Bank Statements |
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6. Further Advance Ordinary
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All the documents stipulated in point 2 |
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Latest 3 months Bank Statements |
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7. Building Loan
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All the documents stipulated in point 3 |
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Latest 3 months Bank Statements |
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8. Further Advance Building
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All the documents stipulated in point 4 |
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Latest 3 months Bank Statements |
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EXISTING ABSA CLIENT – Self Employed |
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9. Ordinary Loan
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Identity Document for all parties |
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Offer to purchase to be signed by both parties |
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Latest 3 year-on-year Financial statements (not older than 6 months-if older than 6 months, management accounts not older than 2 months will be required), signed by a registered auditor/bookkeeper & applicant, and |
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Self-employed require an unqualified Letter from the auditor / accounting officer that states “I herby confirm that (the applicant) received a monthly / annual income / drawings of R [ ]”, signed by applicant & the auditor/bookkeeper, and |
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A detailed cash flow forecast for the forthcoming 12 months (supported by relevant docs, e.g. contracts) and |
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A statement of personal assets and liabilities with full indirect liability disclosure OR The income on the past 3 years original or certified copy of the customer’s IT34 can be verified against the turnover on the bank statements.. |
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Latest 12 months up to date Bank Statements of the business If main account is not held at Absa and |
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Latest 12 months personal bank statements of individual id account is not held at Absa |
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10. Further Advance Ordinary
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All the documents stipulated in point 9 – except Offer to Purchase |
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Reason for Further Advance |
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LATEST UP TO DATE RATES AND TAXES FOR SWITCHES & RE-ADVANCES WHERE NO ATTORNEY IS INSTRUCTED |
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11. Building Loan
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All documents as stipulated in point 9 – except Offer to Purchase plus |
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Signed Tender / Contract & Schedule of Finishes |
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Building plans to be submitted for Approval (with measurements) or Municipal Approved Plans |
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NHBRC Builders Registration |
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Up to date Rates and Taxes account – for no further bond to be registered |
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Signed Waiver of Builder’s Lien (Absa 1295 BX) |
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Signed Minimum Requirements (Absa 1284 EX) |
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12. Further Advance Building
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All documents as stipulated in point 9 – except Offer to Purchase, and |
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All documents as stipulated in point 11 |
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Reason for Further Advance |
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NON ABSA CLIENT- Self Employed |
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13. Ordinary Loan
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Identity Document for all parties. |
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Offer to purchase to be signed by both parties. |
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Year-on-year business financials covering a minimum period of 3 years, with the latest reporting period statements not being older than 6 months, supported by bank statements for the past 12 months preceding the loan application date, verifying the income reflected in the business financials. If the latest reporting period statements are older than 6 months, then management accounts, not older than 2 months, signed by the applicant and the accountant/ bookkeeper, must be submitted plus up to date signed managements accounts from date of last return, and |
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For self-employed applicants, an unqualified letter from a registered accountant/bookkeeper must be supported by the requirements set out above. Unqualified confirmation means that the letter from the accountant/ bookkeeper will state the following: “I hereby confirm that (the applicant) receives monthly/annual income/drawings of R [ ]” and |
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A detailed cash flow forecast for the forthcoming 12 months realistically presenting the financial sustainability of the business and supported by relevant documentation applicable to any existing or new contracts that contribute to the turnover of the business OR The income on the past 3 years original or certified copy of the customer’s IT34 can be verified against the turnover on the bank statements. |
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All applications must be accompanied by a statement of personal assets and liabilities with full indirect liability disclosure. |
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14. Further Advance Ordinary
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All documents as stipulated in point 13 – except Offer to Purchase |
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Reason for Further Advance |
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15. Building Loan
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All documents as stipulated in point 13 – except Offer to Purchase and |
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All documents as stipulated in point 11. |
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16. Further Advance Building
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All documents as stipulated in point 13 – except the Offer to Purchase, and |
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All documents as stipulated in point 11. |
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LATEST UP TO DATE RATES & TAXES FOR SWITCHES & RE-ADVANCES WHERE NO ATTORNEY IS INSTRUCTED |
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SA CITIZEN WORKING ABROAD |
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17. Ordinary Loan
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Copy of Passport/s for all parties |
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Offer to purchase to be signed by both parties. |
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Employment contract stating Employer details, Income, Contract terms and Conditions |
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Proof of Income depending on Fulltime or Self employed |
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12 Months bank statements reflecting stated income. |
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Residence permit number as well as work permit and expiry date for foreign Country. |
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NON RESIDENT CLIENTS WITH WORK PERMITS |
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18. Ordinary Loan
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All documents as stipulated in point 17 – except 12 months bankstatements and |
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6 Months Bankstatements Reflecting stated Income |
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Residence Permit number as well as work permit and expiry date for RSA |
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Confirmation/proof of when the 50% deposit will be made and in what currency. |
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19. Building Loan
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All the documents stipulated in pt18, plus |
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All documents as stipulated in point 11 |
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TEMPORARY RESIDENT or OFFICIAL FOREIGN REPRESENTATIVE |
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20. Ordinary Loan
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Copy of Passport/s for all parties |
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Offer to purchase to be signed by both parties, plus |
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Employment contract stating Employer name, Income, contract terms and conditions |
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Proof of Income depending on Fulltime or Self employed |
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6 Months Bankstatements Reflecting stated Income |
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Residence Permit number as well as work permit and expiry date for RSA |
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Absa3423 – Declaration by Foreign National Temporarily Resident in South Africa |
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Aug 11th, 2010 by jkproperties
Bank Watch
LTV’s for all New Loans (based on the total loan amount) will be considered as follows :
Loan Amount LTV
< R1.5mil 100%
> R1.5mil to < R2.5mil 90%
> R2.5mil 80%
Customer qualification criteria
Only Standard Bank customers will be considered for 100% loans. A Standard Bank customer constitutes a customer that has an active transaction, savings or business account with Standard Bank. The account must have been open for a minimum of six months.
Should a customer apply for a 100% loan and not quality a counter offer will be made.
Implementation dates
The abovementioned change become effective as from 22 July 2010 and is anticipated to have a positive impact on the level of business that is granted.
Aug 11th, 2010 by jkproperties
Bank watch
FNB Home Loans – Changes to existing Credit Policy
FNB Home Loans has revised the credit policy criteria and appetite to accommodate the Bank’s current overall risk appetite.
With immediate effect, FNB Home Loans will be using a maximum of up to 50% of other income as income e.g. commission, rental etc. Net rental income may only be considered for unbonded properties or those bonded to FirstRand Limited.