Investec and getting a home loan!

Investec do home loans

Well the buzz is on that Investec are running home loan campaigns with the two top Mortgage originator companies in South Africa, namely Betterbond  (and their agents)and Ooba (and their agents) and this has generated some excitement into an otherwise lackluster mortgage market.

So what do you need to qualify for this private Banking service and is it for everyone.  the answer is no, it is niche market and the criteria is fairly rigid.

We know that the products on offer are simply put:

1. From cradle to grave for specifically targeted professionals.
2. Employed folk who earn seriously good salaries, above R 800,000 per annum and working for hot companies.
3. Self-employed professionals with a degree in specific areas with  R 800,000 and above personal annual take home salary.
4. Self employed, non professionals who need some seriously unencumbered assets.
5. Solid and liquid asset based owners and also those with great share portfolios.

Sp from what we understand so far is that these folk above who fit into this mold would be able to get excellent deals up to 100% loan to value with interest rates varying between -1% to prime.

So if your favorite mortgage originator is part of the above groups, ask them to see if you qualify - this could be your best deal of 2013.