Tag - buying a property

No-deposit home loans

A recent survey in the UK found that young adults are increasingly relying on their parents to help them pay for a deposit for their first home. The survey conducted by mortgage lender Halifax found that the majority of parents believed they would have to help their children with a deposit on a home while 27 percent had already dipped into their...

Starting a property portfolio

“I am 22 years of age and I work as a risk manager earning R18 000 a month. I am moving to Boksburg to be close to work and will be renting, however I see that Cosmopolitan is building affordable houses selling at R320 000. I am thinking about buying two houses and renting them out to people,” writes Zeni. Maya replies: It is great that you want...

Don’t rush into home ownership

Most young people have two main goals when they start working: to buy a car and to buy a home. Both of these are big commitments and if you have not done your homework properly, home ownership in particular could cost you more than you realise. Ewald Kellerman, Head of Sales at FNB Home Loans, says if you expect to sell your property in less than...

Saving towards a 5-year goal

A reader wants advice on where to save towards buying a property. “My mother, sister and myself would like to open a savings or investment plan whereby together we would contribute R900 monthly and increasing it by R300 yearly or bi-annually for five years. We want to use it to buy property in five years’ time and rent it out. My mom will be...