What will the application cost me?
Zero. Mortgage brokers receive a fee from the banks and not their clients, infact, BondBee will pay referral commission for any sucessful referals received.

Will I get a better rate if I apply to the banks myself?
No. The volume of business provided by mortgage origonators, like BondBee to the banks givs us the negotiating power to muscle low rates for our clients. BondBee applies to all the major banks simultaniously, bringing you all the offer to your table and guiding you through the process of selecting a suitable mortgage.

What rate will I get?
The banks look at two factors to determine your rate:
RTI = Repayment to income Maximum repayment allowed on your gross salary is 30%. The smaller your repayment percentage against your income the smaller
The risk to the bank and the higher the discount offered against the prime lending rate.
LTV = Loan to value Each bank has their own lending criteria ranging between 60%-95% of the value of the property. The lower the loan amount against the property value the lower the risk to the bank and the higher the discount offered against the prime lending rate.

Can I still get a 100% bond?
Yes. The banks are still keen to assist first time buyers in certain areas. Contact us to discuss the options.
What are the banks currently offering?

ABSA & SANLAM R0 - <R2.7m = 85% maximum loan to value
>R2.7m = 75% maximum loan to value
Vacant land <R1.5m = 75% maximum loan to value
>R1.5m = 60% maximum loan to value
Non-Absa clients = 70% maximum loan to value

NEDBANK R0 - <R3m = 90% maximum loan to value
>R3m = 85% maximum loan to value
Vacant land = 70% maximum loan to value
Further loans = 80% maximum loan to value
FNB R0 - <R1m = 90% maximum loan to value
>R1 = 80% maximum loan to value
Vacant land = 60% maximum loan to value