How Rent2Buy works and what to do to apply

Mar 16, 2020 11:00:00 AM Share this:

Rent2buy (R2B) Finance is a Plan B for a homebuyer who is almost, but not quite ready, to apply for a home loan to buy a property. If the buyers’ home loan was declined initially and but he has a reasonably good credit profile and at least 7% deposit (if buying from a private seller), 3 to 5% deposit available (if buying from a property developer) or 20% if a foreign buyer, and he lives in Bloemfontein, Gauteng or Cape Town, then he is able to start the process of applying to purchase through the Rent2buy Finance programme, says Meyer de Waal, director of MDW Inc, and co-founder of Attorney Realtor Hub.


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Topics: Buying, Richard Gray, Harcourts Real Estate, Rent to Buy

Can’t get a home loan? You can Rent2buy

Aug 5, 2019 10:00:00 AM Share this:

When selling your property, one of the biggest hurdles is to find a buyer with an approved home loan. The same applies for a buyer - finding a bank that is willing to provide a mortgage loan.

De Waal says property buyers in Johannesburg and Cape Town can now search for any home priced from R400 000 to R1.8 million in any one of the two cities, contact Rent2buy, and move into their soon-to-be home within six to eight weeks.

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Topics: Buyers and Sellers, Harcourts Real Estate, Rent to Buy