Home Buyers Guide
Buying a home isn’t something you do every day, and it’s important to keep track of key details when purchasing your first property. Download our free Home Buyers Guide. This will walk you through every step of the process.
Home Buyers Guide
Buying a home isn’t something you do every day, and it’s important to keep track of key details when purchasing your first property. Download our free Home Buyers Guide. This will walk you through every step of the process.
building loan
Transform Your Vision with Our Building Loans
Flexible Loan amounts
Finance up to 100% of your property’s value, or pay a deposit if you prefer.
Flexible Loan Terms
Choose a home loan term that fits your budget, with options up to 30 years.
flexible rate options
Choose between fixed or variable rates. Interest rates adjusted to your risk profile.
Further Lending Option
Get extra funds from your property’s value with option of Further Loans in future.
See How Much You Qualify for Today!
Discover your potential loan amount quickly and easily, and take the first step towards your dream home. Imagine the possibilities of owning your own place! No cost or obligation to find out how much you qualify for. Best of all, this quick assessment & won’t impact your credit score. Get started now and make your homeownership dreams a reality!
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Required Documentation for Your Home Loan Application
Please have the documentation listed below ready when you apply for your home loan. Ensuring that you have all these documents prepared will help avoid delays and enable us to provide you with the fastest response possible. These are the basic required documents, however, banks may request additional documents from time to time.
- A copy of your ID document
- Latest 3 months payslips (for variable income latest 6 months)
- Latest 3 months bank statements
- A copy of the marriage certificate (if married)
- Copies of Rental Agreements (if any rental income is received)
- Latest 3 months bank statements where rental income is paid into (if any)
- A copy of the Offer To Purchase (OTP)
- A completed and signed application form
- A copy of your ID document
- Letter from auditor to confirm personal income
- Latest 6 months personal bank statements
- Latest 2 years comparative financial statements (signed)
- If financials are older than six months, up-to-date signed management accounts
- Personal statement of assets and liabilities
- Your two year IT34 from SARS
- Latest 6 months business bank statements
- A copy of the Offer To Purchase (OTP)
- A completed and signed application form
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Download Our Mobile App
The ooba app is a handy tool for home buyers and real estate agents. It’s free, quick and easy to use. It’s a powerful guide that will give you all the help and information you need to get through the home buying process.
FAQ’s
Frequently Asked Questions
You need a building loan to build a house on vacant land, or to finance renovations on an existing property. Unlike a home loan, the bank pays out a building loan in stages, as each stage of the construction process is completed.
It usually takes up to three months for building plans to be approved, depending on the requirements of the municipality. You can contact the municipality for updates, and find out the name of the building inspector so you can consult with them directly.
No building and renovation will be approved by a local municipality unless the home building plans have been submitted by a registered professional with the South African Council for the Architectural Profession (SACAP).
You can use a building loan to build a house from scratch, usually on vacant land, or to revamp an existing property. After a building loan is approved, the bank registers a bond on the property being built. The bond serves as security for the money paid for the construction.
Speak with a Home Loan Specialist Today
Transform your Home Buying Experience with Insights from a Dedicated Home Loan Specialist!