Olen - Bond Originator

Bond Originator in Cape Town, South Africa | Helping home buyers secure the best loans at no cost to you | Demystifying home loans one thread at a time.

[Olen - Bond Originator @PropertyLoans]

South Africans Abroad, Buying Back Home

A South African citizen living and working abroad can buy property in South Africa from overseas. The practical difference is not the bond; it is distance, and it is handled by working with a bond consultant who has already done this for other South Africans abroad.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Why Are Banks So Strict About Home Loans

South African banks are currently approving cost-inclusive home loans of up to 109% of the purchase price, and 100% finance for South African citizens working abroad. The strict lending rules exist to keep that lending responsible, not to keep buyers out.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

What Docs Does a Sole Proprietor Need for a Home Loan

A business trading in your own name rather than as a registered Pty or CC is a sole proprietorship, and a home loan sole proprietor application does not necessarily need two years of business financial records.

Two recent personal tax returns plus six months of bank statements can be used to assess affordability.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Welcome to our live show! https://t.co/hAMNoFq8xm

[Olen - Bond Originator @PropertyLoans]

VAT on a Property Purchase. What It Adds to Your Price

When the seller of a property is a registered VAT vendor, the buyer pays 15% VAT on top of the purchase price, and that VAT is the tax paid through the transfer process; it stands in the place of transfer duty rather than being charged alongside it.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Unmarried. Buying Together

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Welcome to our live show! https://t.co/BL3ZbmopOR

[Olen - Bond Originator @PropertyLoans]

Most property buyers think a bond makes their offer weaker than a cash one.

It isn't the bond. It's the open-ended wait attached to it.
(14days or 21days)

The solution is to shorten the time needed to secure your bond finance. (7days)

Speak to a bond originator. Get pre-approval before shopping. Shop with more confidence.

[Olen - Bond Originator @PropertyLoans]

Can Dual Citizens Get a No Deposit Home Loan in SA?

Dual citizenship does not count against a home loan application in South Africa. What matters is whether you kept your SA citizenship active and your local financial footprint alive

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Joint vs Single Assessment & the Preliminary Score Check

On a joint bond application, both applicants' credit scores are assessed, but the higher-income earner's profile can carry more weight in the scoring. So a lower score on one side does not automatically decide the outcome.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

New Home Loan or Further Bond

If you're looking to buy a second property for investment purposes, speak to a bond originator to best structure the property finance.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

How To Secure a 20-Year Bond When One Applicant Is Over 65

A 20-year bond over retirement age stays possible when the younger applicant qualifies on his income alone. Once the older applicant's income is left off the affordability calculation, his age no longer drives how long the loan term can run.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Buying A Property Off-Plan

How does it work if the bond gets approved but the building has not yet been completed?

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Plot and Plan Building Bonds Explained

A plot and plan bond funds the stand and the build in one application. The plot price is paid to the seller at registration, and you start repaying it straight away, while the building portion is released in five to six staged draws.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

Buying out a co-owner on a bonded property in South Africa takes three steps. An attorney drafts a sale agreement for the half share; you apply for a new bond in your own name; and a pre-approval confirms you can afford the property without your co-owner's income.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

"The best home loan isn't the fastest one. It's the one that works hardest for you - for every year you're paying it off."

[Olen - Bond Originator @PropertyLoans]

Bonus Income Can Unlock a Bigger Bond Approval

TLDR: A South African bank can include your last 2 to 3 years of bonus income in its affordability calculation, and counting that bonus income for a home loan can lift the bond you qualify for, sometimes enough to buy a home your salary alone wouldn't reach.
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If your salary won't stretch to the home you want, your bonus history might close the gap. The bank's affordability calculation often looks different from the sum you run in your head, and most buyers never realise their consistent annual bonuses can count toward what they qualify for.

In a recent case, I went back through a client's previous two to three years of bonus payments from their employer and used that record to increase their affordability.

It was the difference between buying their dream home now and waiting up to a year.

Banks each follow their own formula, but there's room to work within their lending policy to present your income properly. If you earn a regular bonus, it could be doing more for your application than you think. Let's look at your numbers before you assume you can't afford it.

Get in touch for your free pre-approval assessment:
✉️ Email: [email protected]
💬 WhatsApp: [phone]

Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.

[Olen - Bond Originator @PropertyLoans]

@amila_nd Yes, this applies to standalone plots

[Olen - Bond Originator @PropertyLoans]

The banks cap vacant land bonds at 60%.

But it's not a qualification problem - it's a structuring problem.

Same buyer, same vacant land, same bank.

Structure it as a plot-and-plan, and you could secure 100% funding for the land and the build

[Olen - Bond Originator @PropertyLoans]

Do the banks still offer 108% bonds for properties over R4m?
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Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Bond approval is subject to credit assessment, affordability evaluation, and the lender's lending criteria in accordance with the National Credit Act 34 of 2005 (NCA). Interest rates and repayment figures shown are indicative only and may vary.