Please note, that there are no non-status/self-certification mortgage facilities available in South Africa (although renting out your property is permitted), all loans need to be supported by a minimum requirement of proof of income, i.e. if employed - copies of your latest pay slip (please note that if you receive regular overtime/commission then the lender will require copies of your last 3 months pay slips) together with copies of your last 3 month’s Personal Bank Statements will be required or alternatively if you are self-employed - copies of your latest Signed Accounts & copies of both your last 3 month's Business and last 3 month’s Personal Bank Statements will be required on application together with management accounts from your year-end up to date.

Unfortunately in South Africa the Lenders will not usually take into consideration any proposed Rental Income from the property for mortgage purposes/repayments.

Your loan is based on your joint net “take home” pay and is calculated on an affordability basis. All your existing liabilities including any mortgage/rent payments, personal and bank loans and any maintenance (ie: Divorce) payments together with your proposed South African mortgage payments must not exceed 30% of net monthly income.

Example:

Net joint monthly income £ 2,500 times 30% of that figure is £ 750 minus existing monthly mortgage payment £ 300 – No other liabilities. This leaves a balance of £450 for a proposed South African Mortgage payment.

Mortgage details:

• Maximum loan to value 90% for expat SA
• Maximum loan to value 80% for other nationals
• Maximum term 20 years
• Rand 500,000 minimum loan
• Rand only mortgages available
• Repayment mortgages only
• Rates from approximately 9.00% variable