Affiliated Banks and Partners

ABSA - First National Bank - Nedbank/Old Mutual Bank - Standard Bank - SA HomeLoans - Ithala Bank - BoE and RMB Private Banks - Imperial Bank  - Bridging Finance - SGM-FX - Life Cover - Our Attorneys

ABSA

ABSA bank currently has the biggest HomeLoan book out of all the banks, with approximately a third market share. They have innovative products, some unique to them entirely, providing us with good tools to cater for specific situations. They are consistent in their turnaround times, competitive in their interest rates and keen to assist in looking after their valued clients. 

First National Bank

FNB is part of the First Rand Group which also includes RMB Private Bank, Discovery Life & Health, OUTsurance, Momentum, Wesbank and more. They offer some creative products and packages, and have very successfully cross-linked products from sister companies, to the benefit of their clients.

Nedbank / Old Mutual Bank

Although marketed separately, these banks share a credit department and it comes down to client preference which their loan is submitted to. Both are part of Nedcor who also own BoE Private Bank. They have a unique scoring system which allows for better interest rates and higher loans on applications where other banks may not. They tend to place high weighting on the client’s profile over the value of the loan. Combined with their well-known reputation for good personal service, our clients are always well placed here.

Standard Bank

Standard Bank is very pro-active and given the correct type of deal, can give just about the fastest final answer on a loan (that is including valuation too).

SA HomeLoans

This company is the only pure HomeLoan product provider in the country, that is, they do not offer any other products, banking or other. They are exceptionally well known for their clever marketing. Highly creative product packaging, and a few unique products such as a 20-year fixed rate, cash out in 24 hours, and a host of combination options which make them highly structure-able. There are some catches to their interest rate which is linked to the BA rate not prime, and if the products are not explained carefully, clients may not be entirely happy once in the loan. This is also the only lender we currently earn no commission on whatsoever, and the fact that we add them as a provider to our clients shows we only have our client’s best interest at hear

Ithala Bank

This is a bank which only lends in KZN, and term themselves a development bank. They are far more lenient to clients with credit problems but have no special products, interest rates and therefore attract a fairly specific clientele. They do offer a reasonable service for the market and loan type they cater for.

BoE and RMB Private Banks

BoE is the private bank of the Nedcor group, 50/50 owned by Old Mutual and Nedbank. RMB is the private banking arm of First Rand. Both offer consolidated loans on multiple properties at highly preferential rates. They also do commercial and development loans. The entry level for both banks in terms of income is quite high, but the benefits of these products to their clients are quite exceptional.

Imperial Bank

Imperial Bank (part of the Imperial Group) finance mostly new developments and commercial properties. Their policy is the most favourable for this type of property where the proposal makes a good business case, and they can fund up to 80% of capital requirement.

Bridging Finance

Although we are not great fans of bridging finance owing to the very high interest rates the providers charge, they do have a place and purpose to clients who need money urgently either from the proceeds of a property they have sold, to get cash from a further bond or switch bond which has been approved or even to advance estate agent’s commission on a deal. For the most part, the term of the loan is very short so the high interest rates are not perceived as too high when viewed as an amount, but should there be unforeseen delays in the finds paying out (that the bridge is secured against), the debt can accrue very quickly. We have a number of providers for this service.

SGM-FX

A London based company specializing in assisting customers move money from country to country, currency to currency at exceptionally good rates, better than banks or travel agents can offer, via a highly secure and tested system of South Africa’s equivalent to trust accounts. As overseas clients (non SA citizens) can only borrow 50% of purchase price (bank will lend rand for rand), this service is very useful to clients wishing to invest here.

Life Cover

When entering into debt, we always recommend reviewing a client’s life insurance policies. This industry is not always seen in the best of lights, but we are firm supporters of having at very least the bond amount covered so that families are never left with the debt burden should anything happen to the primary provider. Also, reviewing you current life policies ensures you are getting the best rate for the cover. As new products become available, and increases accumulate on an existing policy, money can be saved, or benefits increased by having life policies (or any policy for that matter) reviewed. We only deal with companies with top track records, highly qualified advisors and total transparency on their commissions, and why they recommend the products they do.

Our attorneys.

We have selected a few attorneys who have supported us from the start with excellent knowledge, prompt and efficient service, and openness to new ideas to assist our clients and generally high levels of passion for what they do. Although we can use any attorney firm that is on the bank attorney panel, we prefer to use our partner firms and they rarely fail to deliver.

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