Eligibility and criteria

• We typically arrange loans in SA Rand only
• Repayment loans are available
• The maximum loan to value for a purchase is 50% for non South Africans
• The maximum loan to value for South Africans temporarily living and working overseas is 70%
• The maximum term is 20 years, up to age 70
• The minimum loan amount is 500,000 Rand with no maximum

Affordability

To qualify for a mortgage in South Africa, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete our enquiry form and we will not charge you for this service.

Your existing liabilities, including your UK mortgage or rental payments, loans, credit card payments and maintenance are taken into account, together with the proposed South African mortgage payments. All this must not exceed 30% of your monthly net income. For example if your net joint income is £2,500, 30% of this equates to £750.  If your only liability is your current UK mortgage payment of say £300 per month, this would leave a balance of £450 for your South African mortgage payment.

The amount that you can borrow is also restricted by the maximum loan to value as mentioned under 'Eligibility and criteria'.

Proof of income requirements

If you are employed:

• Your last three month’s payslips
• Your latest P60 and an Employers Reference
• Your last three month’s personal bank statements

If you are self employed:

• Your last two years Audited Accounts, Tax Returns and Accountants reference
• Your last three month’s personal bank statements.

Other documents will be required and will be confirmed when application forms are sent to you.

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