Herewith some very important information for all the sellers in the market. Rule of thumb, get in touch with your bank as soon as your property is listed for sale. Alternatively phone us at 021 300 1650 and we will gladly assist you with the process.

Along with many South Africans, BondExcel has been pleasantly surprised at the Reserve Bank Monetary Policy Committee’s decision to cut the repo rate by another 100 basis points, after a similar-sized cut less than a month ago, on 19 March. This takes the repo rate down to 4.25% and the prime lending rate to 7.75% from 8.75%.

We are happy to inform you that we’ve managed to get some feedback from our banking partners regarding much needed payment holidays and debt relief for customers. Some banks will be doing formal press releases in the coming days, but they have given us the go-ahead to share the information with you in the meantime.