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Ombud for shared property on the drawing board
Tuesday, September 26, 2006 (232 reads)
There are moves to reform the legislation that governs property held in community such as sectional title schemes. A key proposal is the creation of an ombudsman's office dedicated to dealing with complaints arising from the common ownership of shared property.
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New Innovations In Home Loans
Wednesday, September 20, 2006 (226 reads)
South African homeowners will soon have access to a range of new generation home loan products as increased competition in the massive R612 on mortgage lending industry prompts major banks and other lenders to offer clients more choice and flexibility.
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Nedbank offering loan product to the over 65s
Wednesday, September 20, 2006 (224 reads)
Borrowing restrictions imposed on retired folk by the banks because of a lack of new income have been overcome by Nedbank with a new product that allows the over 65s to access funds against their fixed properties.
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Government must avoid scaring housing developers away
Wednesday, September 20, 2006 (208 reads)
The provision of low-cost housing continues to be a problem. So it is appropriate that the government, along with SA Property Owners' Association (Sapoa), is exploring the possibility of linking the government's plan that property developers set aside 20 percent of developments for low-cost housing to reducing the time it takes to rezone property for development.
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Interest-only loans for SA
Wednesday, September 20, 2006 (235 reads)
This week South Africa is introduced to its first interest-only mortgage, a way of financing the purchase of property that has long been available overseas.
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Media Statement Issued by the Ombudsman for Banking Services
Monday, September 18, 2006 (218 reads)
The Ombudsman for Banking Services (OBS) issued a warning to the owners of businesses regarding the authorising of payments using internet banking facilities. Employees of businesses tasked with doing the financial accounting for the business are often able to arrange for payments to be made to themselves by substituting their own account number for that of the actual creditor on the internet banking payment template.
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