Young Professionals Home Loans

Silent Partners is pleased to announce the launch of ABSA’s Young Professionals Home Loan proposition where First Time Home buyers up to the age of 35 can apply for up to 105% bond with a maximum purchase price of R1 500 000. The proposition is open to Young Professionals with Read More

Get pre-qualified for this property.

Are you keen to buy this property, or something similar, but not sure if you will qualify for a home loan?  Let us get you pre-qualified so that you can approach the seller with confidence. We deal with all reputable, registered estate agents, and with genuine home buyers.

Use our 100% online pre-qualification form at you convenience. The form is dynamic and will adapt to your circumstances intuitively.  For the best experience, first create an account on our site. This is not a prerequisite, but it will enable you to save your partially completed application and return to it again to make amendments or complete it before submitting.  Once you finally submit, our auto-responder will email you with a short list of supporting documents.

Not only will we let you know what you can afford, but we will do all the necessary checks (Credit checks, Proof of Residence, Bank accounts, Employment etc.), so that you will have no surprises when you finally apply at the banks for your home loan.  If we pick up any problems, we will share them with you transparently, and guide you with what to do to improve your application.

We work with all registered estate agents, and with all major banks, and so our independence is assured.

Why use Silent Partners? We are a team of retired ex-bankers who have all held senior positions in the banking industry.  We know how banks think, and we know how to ensure that your home loan application has the best chance of approval, and at the best possible rates. Over 100 years of experience is available to you, and you will get personal, individual attention directly from us, not from a call center or ‘admin assistant’.

So, get pre-qualified here now, and know for sure what you can afford, and that the banks will fight each other to give you the best deal. 


Want to speak to us direct? You can get Gary Christy on 071-370-5250, or Ruben Manikam on 083 2656743, or Brian Woodland on 071 173 3722.

Happy Women’s Day

We wish all the beautiful women of our beautiful land a happy Women’s Day!!

Women’s Day commemorates the national march of women on this day in 1956 to petition against legislation that required African persons to carry the ‘pass’.

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Here’s how Cape Town property prices have exploded

Which areas have soared (while much of the rest of SA flat-lines)?

Five areas outperformed the overall average house price growth seen across the metro over the past five years:

  • The Atlantic Seaboard (from Green Point to Hout Bay),
  • City Bowl,
  • The eastern suburbs near the city (areas such as Woodstock, Salt River and Pinelands),
  • The Southern Suburbs (extending from Rondebosch to Muizenburg), and
  • Southern Peninsula (including Simon’s Town, Fish Hoek, Noordhoek).

Overall price inflation in the metro is almost exactly double the national House Price Index published monthly by the bank over the five year period. Another way of looking at this is that other areas (smaller provinces, as well as mining and holiday towns, for example) have lagged dramatically, given that this data is all rolled up into the single figure.

In Cape Town, even recent laggards such as Somerset West/Strand and Atlantis have outperformed the index (and inflation) by 10 percentage points since 2012.

With inflation (CPI, as per Statistics South Africa) for the five-year period at a quarter of a percentage point under FNB’s House Price Index, in real terms, average house prices in South Africa have been flat. Let me repeat that: average house prices in South Africa have gone nowhere since 2012.

Of course, because this is a national average, it will not apply to every size and type of home in every possible area in the country. Loos’s detailed research shows the divergent performances of sectional title vs full title house prices (the former has marginally outperformed the latter), with smaller homes (especially in sectional title schemes) outperforming larger ones.

Property prices in major metros have tended to outperform other cities and towns and those in former township areas in the metros have generally outstripped price growth in the broader metros.

However, the Western Cape and especially Cape Town has “significantly outperformed” the rest of the country, says Loos. The trend of ‘semigration’ to the Cape from (especially) Gauteng has certainly helped drive this demand. Brenthurst’s Magnus Heystek, among other commentators, has long been pointing this out (Emigrating or semigrating, from March 2015).

A separate report from Loos (Inter-Provincial Repeat Home Buyer Migration Trends) found that 56.2% of outbound repeat home buyers from Gauteng headed to the Western Cape last year. There is a similar trend in outflow from the Eastern Cape. The methodology is actually dead simple: Loos calculates what percentage of (and in what direction) repeat buying (i.e. the selling and then purchase by the same individual) is in a different province.

He says the “net inflow of repeat buyers to the Western Cape has been nothing short of spectacular, measuring a staggering 17.4% of the provinces total repeat buying, having accelerated steadily since 2009, and even more sharply from 2015’s 10.6% of repeat buying”.

He adds that “the further acceleration in net inflow repeat home buyers in 2016 explains much of the Western Cape’s far superior house price growth in 2016”. With this trend firmly in place, the rampant house price inflation in the five areas that have outperformed the broader metro is easily explained.

5 years 15 years
Atlantic Seaboard 104,4% 683,9%
City Bowl 89,9% 546,6%
City near eastern suburbs (incl. Woodstock, Salt River, Pinelands) 72,7% 432,4%
Southern Suburbs 63,6% 433,8%
Southern Peninsula 61,7% 411,2%
Cape Town Metro overall 59,9% 395,4%
Durbanville-Kraaifontein-Brackenfell 55,0% 393,5%
Blouberg-Milnerton-Melkbosstrand 53,0% 318,6%
Elsies River-Delft-Blue Downs 48,8% 507,7%
Cape Flats 44,3% 386,6%
Bellville, Parow and surrounds 40,8% 307,2%
Somerset West-Strand-Gordon’s Bay 39,2% 300,3%
Atlantis-Mamre 37,1% 525,6%
FNB House Price Index 29,24% 290%
CPI 28,97% 139%

Sources:  CT metro prices: FNB City of Cape Town House Price Indices; Overall FNB house price index: author’s calculations from FNB data; CPI: author’s calculations from StatsSA data.

Over a longer period, since 2001 when the FNB House Price Index started, two regions – Atlantis and those surrounding the University of Western Cape and Cape Peninsula University of Technology (to the north and east of the airport) – outperformed all but the City Bowl and Atlantic Seaboard.

In recent years, the commuter region of Bloubergstrand/Milnerton/Melkbosstrand is cited by Loos as one that has become more popular, perhaps because of the fact that it is “more affordable (or less in-affordable)”. But even here, year-on-year house price inflation in Q4 2016 was still 12.5%.

Loos does believe that a “little over-exuberance” has probably crept into the market, especially in the two regions (City Bowl and Atlantic Seaboard) that have vastly outperformed the rest.

He points to topography as one of the (obvious) major supply-side drivers, but adds two others: the city’s “growing traffic congestion challenge” as well as “the fact that some of the city’s prime business and employment nodes, most notably the CBD (Central Business District) and Claremont, are in close proximity to the mountain”.

“This should imply a longer-term shift in a portion of residential demand towards areas closer in proximity to the Cape Peninsula, and we believe it has.”

* Hilton Tarrant works at immedia. He can still be contacted at

6 Questions To See If You Are Ready To Buy A Home In 2017

If you have made the resolution of purchasing a home during 2017, you will need to ensure that you have assessed your financial situation and answered a few pertinent questions before approaching your bank for bond approval, recommends Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa.

“While banks have become slightly less stringent since the inception of the National Credit Act, financial institutions are likely to tighten up their lending criteria in 2017. Bond applicants will be put through their financial paces before being approved for a home loan,” says Goslett.

“Currently, only about 65% of first-time buyer bond applications are approved, which highlights the importance of being financially prepared before applying.”

Goslett suggests a few financial questions to answer before approaching your bank for finance:

What is my credit score?

A favourable credit score and clean credit record is a valuable asset when applying for a home loan. Each year consumers can obtain a free credit report from the credit bureaus within SA to assess their finance position. It is advisable for you to know your credit score and check your credit record for any inaccuracies.

“Any missed or slow payment will have a negative impact on a consumer’s credit score. However, it is also important to be mindful of the less obvious credit infractions such as opening too many accounts, numerous credit enquiries, co-signing for a third party or only paying the minimum required payment. All of these things will impair your records and could scare off lenders,” explains Goslett.

What is my annual income?

As a potential homebuyer, the maximum bond amount that you can qualify for is based on your annual income, so be sure to include any bonuses or annual investment returns when making this calculation. Your annual tax return documentation will assist in determining your actual yearly income.

How much debt do I have?

Another major consideration that banks take into account when determining the home loan amount they are willing to grant is the applicant’s amount of disposable income.

“To increase the disposable income you have available, get rid of or pay down debt as much as possible. Lenders will require you to provide them with all the debt you currently have to work out a debt-to-income ratio, which will be used as a tool to determine your level of affordability,” says Goslett.

“Having a lower debt-to-income ratio will be highly beneficial as it will increase the chance of gaining approval for a higher bond amount.”

What is my financial worth?

Banks will want to see the documentation that relates to any assets, such as vehicles, investments and income-generating properties. Goslett says that all of these aspects add to an applicant’s nett worth and will have a bearing on the amount that the bank is willing to grant.

What kind of deposit can I put down?

According to bond origination company BetterLife, the average cash deposit required by first-time buyers is 12.3% of the purchase price of the property. Based on the average home price paid by first-time buyers of R739 000, that equates to a cash amount of around R90 000 – not to mention the other costs associated with a home purchase such as transfer fees, attorney fees and bond costs.

What can I afford?

In an ideal situation your monthly home payment, which includes the bond, interest, taxes and insurance should not make up more than around 30% of your income before taxes.

“Even if the bank has approved a certain amount, it is not necessary to find a home at the maximum bond amount if you feel you won’t be comfortable with the monthly repayment. Owning a home is a long-term investment that needs to be sustained for the term of the loan, so it is advisable to purchase a property that you can comfortably afford,” says Goslett.

“Financial preparation is the key to homeownership readiness and will make the bond application process far smoother.”

  • Source: Fin24 – 6 Jan, 2017