The Bond House is an intermediary between home loan applicants and the banks. We will assist applicants to complete paperwork, and will then submit this application to all the major banks
The Bond House is backed by an association with Multinet Home Loans who can process a finance application through up to eight banks to obtain the best offer available.
As we are paid a commission by the bank, The Bond House’s service is free to home loan applicants.
A passion of Beverley’s is that of educating potential homeowners about the various requirements to qualify for a bond as well as the opportunities available. This includes engaging with companies who would like to enlighten their employees about applying for home loans and the opportunities that are available to them.
“For low income earners, if your earnings are in the range of R3500 to R22000, over the age of 18, a South African citizen, with a dependent or cohabitating or married, you qualify for the Finance Linked Individual Subsidy Programme (FLISP). The FLISP programme is a housing subsidy to assist with purchasing a home if you are a first-time home buyer. The subsidy is paid to your bank or financial institution and will reduce your monthly loan instalments, making it more affordable to purchase a home Through FLISP you could qualify for a subsidy ranging from R27 000 to R121 000.
There are also some exciting opportunities in terms of people who are higher income earners but who currently have little disposable income due to other financial commitments.
“In terms of Section J12 of the income tax act, one can invest in a ‘property owning company’ submit a certificate to SARS, get the rebate to pay towards the property in year one and year two, and possibly year three. In year five, the property can be converted to a sectional title, and you can buy or sell the property which is now worth more.”