Notes for property purchase in South Africa

Mortgages for South Africa Lenders in South Africa will not take into consideration any proposed rental income from the property for mortgage calculations.

Self cert mortgages are not available in South Africa and as with UK mortgages all loans will require some proof of income. If you are employed you will be required to provide copies of proof of income. This will include the last three months payslips and copies of the latest P60/Employers references. Your potential lender will also require the last 6 months personal bank statements.

Those that are self employed will need to provide copies of their last three years audited accounts along with copies of both the last 12 months business and last 6 months personal bank statements. All loans will be offered in South African Rand.


The lender will look at your total outgoings. These include existing mortgage or rental payments as well as any loans and maintanence payments. The loan will be assessed on your criteria including your joint net or take home pay. The lender will look to ensure that your South African mortgage repayments do not exceed 35% of your net monthly income.

Lenders will not lend on the security of a property unless it has been fully registered in your name and although it is not a legal requirement you should ensure that you have taken out a suitable life assurance policy.

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