On average we can save clients
0.5% on their interest rate
This means a R240 180 saving on a
R3 million home over 20 years
Monthly saving of R1000 on installment
The CURRENT PRIME rate is 11.00%
Welcome to Payneless Bonds
Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!
At No cost to You, we can assist with the following professional services:
- New Loan
- Further Loans on your Existing Property
- Building Loan
- Insurance Referral
- Commercial Finance Referral
We will:
- Represent you, the buyer
- Pre-Qualify you for a bond
- Once Pre-Qualified, submit on your behalf, to the Banks in South Africa to obtain a bond
We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.
On average we can save clients
0.5% on their interest rate
This means a R240 180 saving on a
R3 million home over 20 years
Monthly saving of R1000 on installment
The CURRENT PRIME rate is 11.00%
Welcome to Payneless Bonds
Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!
At No cost to You, we can assist with the following professional services:
- New Loan
- Further Loans on your Existing Property
- Building Loan
- Insurance Referral
- Commercial Finance Referral
We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.
On average we can save clients
0.5% on their interest rate
This means a R240 180 saving
on a R3 million home over 20 years
Monthly saving of R1000 on installment
The CURRENT PRIME rate is 11.00%
Welcome to Payneless Bonds
Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!
At No cost to You, we can assist with the following professional services:
- New Loan
- Further Loans on your Existing Property
- Building Loan
- Insurance Referral
- Commercial Finance Referral
We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.
ARE YOU SELF EMPLOYED?
ARE YOU SELF EMPLOYED?
BEING SELF EMPLOYED is an increasing trend in South Africa with the amazing talent that South Africans are showing every day.
RUNNING YOUR OWN BUSINESS is probably one of the most rewarding yet challenging things you can do in your life.
CONSIDER THESE GUIDELINES in preparation for your home loan application if you are self-employed and serious about buying property.
ONCE PRE-QUALIFIED, we will be able to present a formal application to the banks.
ARE YOU A FIRST TIME HOME BUYER?
What benefits would a first-time buyer have, when applying for a home loan?
Although some of the banks, have special products available for first time buyers, it is not necessarily easier for first time buyers to secure a 100% bond than a client buying for a second or third time. The current situation is that the banks’ decision is strictly guided by the internal scoring models within the various banks and the client’s external credit bureau track record. The bank’s system will generate a risk rating for every application on submission and if the client’s risk rating is satisfactory to qualify for a 100% bond, the system will allow the application, to be approved for a 100% offering of the purchase price of the property. Your risk rating together with your affordability, will therefor determine the percentage offering you will receive.
STANDARD BANK can consider adding 5% of the purchase price, for the transfer and bond registration fees, in event of the purchase price and the costs combined not exceeding R2.2 million and at least one of the applicants should never have owned property before and permitted that the risk rating allows costs to be included. Vacant Land, Self Employeds, Building Loans, Legal Entities and Further Loans on current loans, will not qualify for cost inclusive loans.
FNB can consider adding the attorney costs for up to 10% of the purchase price, for first time buyers as long as the property purchase price does not exceed R1.8 million. Vacant Land, self-employment, Building Loans, Legal Entities and Further Loans on current home loans, will not qualify for cost inclusive loans
ABSA can consider up to 6% of the purchase price, for first time buyers, provided the property purchase price does not exceed R2.5 Million and the clients affordability and credit score permits. Vacant Land, Self Employeds, Building Loans, Legal Entities and Further Loans on current loans, will not qualify for cost inclusive loans.
NEDBANK can consider up to 9% of the purchase price, for first time buyers, provided the property purchase price does not exceed R5 Million and the clients affordability and credit score permits. Vacant Land, Self Employeds, Building Loans, Legal Entities and Further Loans on current loans, will not qualify for cost inclusive loans.
Most of the banks also offer 50% discount on the Bond Registration Fees, for first time buyers, although it will be at the banks discretion.
ARE YOU A FIRST TIME HOME BUYER?
What benefits would a first-time buyer have, when applying for a home loan?
Although some of the banks, have special products available for first time buyers, it is not necessily easier for first time buyers to secure a 100% bond than a client buying for a second or third time. The current situation is that the banks’ decision is strictly guided by the internal scoring models within the various banks and the client’s external credit bureau track record.
TECHNOLOGY AND THE MORTGAGE INDUSTRY
You may have missed the TV advertisements from digital mortgage brokers but it’s near impossible to miss the tens of millions of Rands spent by online estate agents. This exposure has created even more of a conversation around how much can be digitised and as the debate, and indeed customer experience, has panned out the received wisdom is that you simply can’t go through such a complicated and emotional process without human help.
TECHNOLOGY AND THE MORTGAGE INDUSTRY
Most professional and helpful outfit in their field, for sure. Never too busy to assist with advice or alternative solutions. Always willing to go the extra mile! Impressive!
Payneless Bonds really is a “PayneLess”” process, from the first correspondence to the last, the whole team was very responsive, professional, very organized and helpful. The service I received was exceptional, thank you to the team for the professional and efficient service.
Most professional and helpful outfit in their field, for sure. Never too busy to assist with advice or alternative solutions. Always willing to go the extra mile! Impressive!
Payneless Bonds really is a “PayneLess”” process, from the first correspondence to the last, the whole team was very responsive, professional, very organized and helpful. The service I received was exceptional, thank you to the team for the professional and efficient service.
info@paynelessbonds.co.za
Phone
+(27) 87 151 4712
+(27) 11 662 2396
+(27) 83 285 0533
Address
1182 KATLAGTER STREET
FEATHERBROOKE ESTATE
1746 GAUTENG, SOUTH AFRICA