Non-Residents

May Non-Residents buy a property in South Africa?

Property Blog Articles | Advice | Contractual Matters | Market News

Yes, Non-residents may bring money into South Africa without restriction and may borrow up to maximum of 50% of the total investment cost associated with any property purchased in South Africa subject to the bank’s lending criteria.

324

Recommended for you

Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Fixed vs variable interest rates

5768

You’ve finally found your perfect home, made an offer and applied for finance to assist with your purchase. But when you receive the mortgage letter from the bank, you’re left trying to understand unfamiliar terms and concepts including prime interest rates, repo rates, and fixed or variable interest. Here’s what you need to know to make sense of it all.

Read More
Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Transfer and Bond Calculators

7796

Buying a home is an overwhelming enough task without being hit by unforeseen costs. The best way of avoiding unpleasant and costly surprises is by carefully looking at your affordability and making use of convenient tools such as transfer cost calculators and bond calculators to simplify the process.

Read More
Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Your bond application: A key ingredient to the property transfer

11617

Buying a new property is simultaneously an exciting and stressful experience. One of the important processes that can be quite overwhelming for buyers is the bond application process which is a key element of most property purchases which is why you should get your ducks in a row to have the best chance of success.

Read More
Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Your bond settlement amount – a brief guide

16839

The sale of a property can often bring with it unforeseen expenses, but this needn’t be the case. To take the mystery out of bond settlement costs, we have put together this brief overview so that sellers can plan appropriately and avoid being caught off guard.

Read More
Property Blog Articles | Advice | Contractual Matters | Market News
Property Finance

Multiple mortgages

16814

Extending finance on a home loan is possible in two ways: accessing funds under security of the already registered bond or, should the security provided under this bond not be sufficient, a second bond can be registered.

Read More

Need more Snymans content?

Sign up for our monthly newsletter.

Non-Residents

May Non-Residents buy a property in South Africa?

Property Blog Articles | Advice | Contractual Matters | Market News

Yes, Non-residents may bring money into South Africa without restriction and may borrow up to maximum of 50% of the total investment cost associated with any property purchased in South Africa subject to the bank’s lending criteria.

324