WHY RENT2BUY?
It is quite difficult to obtain a loan from a bank in order to purchase a property due to the strict lending criteria of banks.
To qualify as a buyer, you require:
1. Cash for a deposit - anything between 20 - 5% of the purchase price
- Transfer costs
- Transfer duty
- Bond registrations costs
- Bank valuation and Bank fees
2. Affordability under the National Credit Act (NCA)
3. Track record of financial and business history
- Audited financial statements (latest)
- No bad credit record
- Copies of bank statements for the past 6 months or longer
4. Knowledge and education/experience
With r2b, we break down the barriers and make the entry to own a property much easier.
The only question to start is: Can you afford the monthly payment?