Useful Information and Tools
We’ve curated a collection of resources to help you throughout your home purchasing journey.
Becoming a Home Owner
Buying your first property is an exciting milestone but it can also be an intimidating process. At CentralBlue we work closely with our clients to walk them through the journey from bond requirements through to taking occupation. We even take care of bond applications, saving you the hassle and the cost.
Find the answers to new home-owners’ most burning questions below:
Our address is: the corner of Endurance road and Hindle road, Blue Downs, Cape Town, South Africa.
You can click here to see our location on Google
Please email us at email@example.com with your cellphone number and your email address as well as the type of home you are interested in. We will then have an agent contact you who will give you all the information and be able to answer any questions you may have.
The following documentation is what you will need when applying for a home loan:
- Copy of ID’s
- Marriage certificate (if married)
If divorced, your divorce order
- 3 months stamped bank statements (if you work on commission or work overtime we need 6 months’ bank statements)
- 3 months payslips (if you work on commission or work overtime we need 6 months bank payslips)
- Proof of address
- List of monthly expenses
- Copy of ID – each member if CC
- CK/CM Document
- Assets and liabilities – all members and of the company – CC signed and dated
- Income and expenditure – all members – signed and dated
- Personal & Business Bank Statements – to be stamped by the bank – NO INTERNET
- 6 months if the bank is Standard Bank, First National or Nedbank
- 12 months if bank is ABSA
- Letter from accountant confirming personal income
- If possible, copy of SARS IT34
- Latest 3 years financial statements – not older than 6 months
- If last financials older than 6 months – provide up to dated signed Management
- List of monthly expenses
No, unfortunately, the bank will not qualify blacklisted clients.
Yes you can, you can go for a “Rent to Buy “if you pass your credit check.
Typically 20 years (240 months).
You can only apply for rent to buy if you have first submitted an OTP (offer to purchase), and for some reason are unable to obtain a bond. The criteria for rent to buy is different to an offer to purchase. For instance, for Rent to Buy we will still look at clients and review their financial history, whereas a bond application will not consider this.
Yes, through FLISP.
FLISP is the initiative by the Department of Human Settlements & NHFC to provide a subsidy to allow aspiring homeowners to purchase a home and improve their affordability, this subsidy has also been extended to existing homeowners.
To qualify for the FLISP subsidy, you must meet the criteria determined by the Department or NHFC for each Province.
The requirements are:
- Home loan must be approved
- Must be a first time home buyer or existing home owner [you must apply within a certain time each Province has their own time limit]
- Total [gross/combined] household income be between R3501.00 – R22 000.00
- Be a South African citizen
- If you are single, have financial dependent/s.