Buying & Selling

Fixing Interest Rates

Beware of Fixing Your Rate

With interest rates still at a 50-year low, many homeowners might wonder whether now is the time to fix the interest rate on their home loan to ease the monthly financial load More homeowners are weighing the pros and cons of asking their banks to convert their home loan from having a variable interest rate to a fixed rate. What’s the difference? A fixed rate remains unchanged even if interest rates...

ARB To Hold Rate But Hike Around The Corner

SARB to hold rate but hike around the corner – expert panel

South Africa’s prime lending rate is currently at 7%, the lowest it has been in five decades. As the Monetary Council of the South African Reserve Bank (SARB) is set to meet at the end of March, a unanimous vote by 25 economists on Finder’s repo rate forecast report thinks the bank will continue to hold the rate. Web Design | Social Media Marketing | GoogleRead More...

Pietermaritzburg Property | Shelley Homes

Do’s And Don’ts When Buying Property With Family

Buying property with family can be a solution on a multitude of fronts – the elderly are cared for, costs are shared … But things can go wrong, and when they do they can ruin your most precious relationships. So, what are the “dos and don’ts”? Shaun Dubois of Just Property, says he is seeing more and more multi-generational living arrangements: “This was always common in certain cultures but...

Interest Rate

Interest Rate Cut to Speed Up Recovery in Housing Market

The record-breaking streak of interest rates cuts in January through to May has already spiked interest in the first-time buyers’ market. The housing market received further good news when today, the Monetary Policy Committee (MPC) announced that the interest rate will drop by 25 basis points. The repo rate, therefore, lowers to 3.5%, leaving the prime lending rate at...

Pay off your bond 5 years faster

Paying your bond off faster, like 5 years faster, has never been easier

Save hundreds of thousands in bond payments With the recent two rate cuts in quick succession by the South African Reserve Bank, consumers are being encouraged to take advantage of their home loan repayments. Those who are fortunate enough to not have any financial worries during this Covid19 pandemic could save hundreds of thousands in bond payments if they want to.The recent move by the South African...

Pietermaritzburg Property | Shelley Homes

MONEY CLINIC: Is it legal for our landlord to charge us a R500 late penalty fee during Covid-19?

An Amanzimtoti Property reader financially affected by the coronavirus outbreak has been charged a penalty every month for late rental payments. He wants to know if he is legally obligated to pay it. He writes: "My wife and I have been affected financially by the Covid-19 pandemic, just like everybody else. We have been making partial payments for our rent, but always clear the balance by the time...

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