| 1. How much does my buyer qualify for? |
We have an online 24 hour calculator on our website and each of our staff will be able to assist with the calculations. |
2. What does the client need to apply for a homeloan? |
We have attached a document that looks at each entity and what their requirements are. |
| 3. How long does it take to get an approval? |
This depends on each jockey and the complexity of the application. A straight forward application should not take more than 3 working days. |
| 4. Will my client get a 100% bond? |
This depends on various factors for instance, jockey of the client, age, exposure, area and most importantly, income. |
| 5. What interest rate can we get? |
In the old days this was a easy question to answer but today the banks have become much more evolved and they base their interest rates on various factors. Platinum Bonds provides high volumes to the banks which enables us for better rates than our competitors. |
| 6. Can we obtain finance for foreigners? |
Yes we can but they will almost everytime have to put down some deposit. |
| 7. How long is required documentation valid for the banks? |
Documentation (except offer to purchase) cannot be older than 2 months. |
| 8. Do the banks use rental income as part of qualification? |
A rental income can be used as income but only 50% as this needs to cater for maintenance, late payments or unforeseen circumstances |
| 9. What is transfer duty?
|
It's a form of property tax and is payable to the Receiver of Revenue. It is levied on most property transfers and is paid by the buyer to the conveyancer handling the transfer who then pays it over to the Receiver. Payment has to be made before transfer takes place. |
