How the South African banks are lending

As agents we are often asked, how much can I lend on this property? by potential buyers.

One of the important factors to look at before scouting for a home, is what the guide lines are from the banks on their LTV (Loan to Value) books. These are simply a guide line and with different credit score and market purchase price of a property these will change.

One can not base ones purchasing decision on these guide lines alone. The home itself will need to be approved for the value of the purchase price. With out a doubt the best person one can contact for this is an area specialist sales advisor trained and working with E&V.

South African Banks Loan to Value lending on Mortgage – Bond

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