Guiding consumers since 2009

Nedbank slashes bond attorney fees

By Staff Writer
Nedbank has a new offering on their home loan: 30% off on bond attorney fees if you apply through their online portal.

“Buying a home is an important financial commitment. At Nedbank, we understand that the associated costs can escalate, that's why we are offering a 30% discount on your attorney bond registration fees when you apply online for your home loan with us,” said the bank.

How does the 30% discount work?

Tim Akinnusi the head of sales and customer management at Nedbank Home Loans said that the 30% discount is applied to the attorney bond registration fees for all applications submitted online for a new property or further loan with registration.

“These applications must meet the minimum online criteria as specified on our website. The minimum loan size requirements for new property loans is R100 000 and R50 000 for further loans with registration,” he said.

Once the attorneys, which are appointed by Nedbank, attending to the registration of the bond have received all loan documents, they will provide the client with the quote for fees with the 30% discount applied.

Does Nedbank offer pre-approvals on home loans?

Absa indicated in their Homeowners Insights reportthat only 37% of clients received approval on their home loans, making finding that perfect home difficult.

Like Absa, Nedbank does not offer a pre-approval on home loans, but rather offers an instant bond indicator, which provides clients with an immediate indication of their credit and affordability prior to completing a full online application.

“It provides the loan amount the bank is prepared to extend, the deposit required (if applicable) as well as the estimated monthly instalment required. The tool also gives clients a view of the approximate additional costs for the loan amount in question (e.g. transfer duty, attorney fees etc.),” said Akinnusi.

Akinnusi explained that at Nedbank Home Loans they understand that buying a home is an important financial commitment and have introduced tools and service offerings to help their clients navigate through their home buying journey with simplicity and ease.

The tool is available on the Nedbank website, click here.

Terms and conditions

·         The campaign is open to all clients who apply online for a Nedbank first loan or further loan with registration from 01 April 2015 until 31 July 2015.
·         Clients can only apply online for this campaign by accessing the Nedbank Home Loans website.
·         The 30% discount is only applicable upon approval of the home loan and if the approved home loan is taken up by the client.
·         The discount is applied to the attorney bond registration fee only and excludes any other costs (e.g. Deeds office fee; postage & petties etc.)
·         The bond registration attorneys are appointed by Nedbank.
 

Recent Articles

Featured What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Can your retirement annuity be used as collateral for a loan?

If you have a retirement annuity, you may have wondered whether you can use this as collateral when you take out a loan. We decided to do the leg work and find out whether this is possible or not.

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.

Deals

Marble Gift Card Special

Price: From R1000
When: Until 25 December 2019
Where: Johannesburg

Trennerys Hotel and Camping Januworry Special

Price: R950
When: From 10 to 31 January 2020
Where: Centane (Eastern Cape)

Bakwena Standard Packages Special

Price: From R999
When: Until 31 December 2019
Where: Nationwide