Mortgage Home Loans

As of 23rd Oct 2008, Standard Bank Home Loans division will only be granting Mortgage Loans to a maximum of 95% of the property value.

Previously, new home buyers were able to secure a full mortgage bond of up to 108% (to help cover costs) from all the big banks.

But Banks have responded to the slowdown in the local residential property market and rise in interest rates, by discontinuing all Costs Inclusive (108%) mortgage loans. Setting the maximum LTV to 100%.

A few months later and the accepted Loan-to-Value ratios have dropped even further.
Standard Bank , ABSA and Nedbank offer a maximum Bond of up to 95% of the property value , while FNB are the only mortgage lender currently willing to offer up to 100%.