Regents Hill is a well sought after estate positioned in Halfway Gardens which allows ease of access to all local amenities as well as all major highways. This property offers full irrigation system and alarm system.
• FINANCIAL REQUIREMENTS IN ORDER TO PURCHASE THIS PROPERTY :
Due to the banks Loan-to-value criteria in this price range you will require a 10% deposit of R 180 000-00. To finance the balance of R 1 600 000-00 your bond repayment will be +/- R 15 500-00 per month and to qualify for the loan you will need to show a gross income of no less than R 51 000-00 per month.
Transfer costs work on a sliding scale according to the purchase price of the property, in this case the they will be +/- R 106 000-00. You will need to have this money available in cash as the banks will not finance this amount with the home loan. The transfer costs in include (A) your tax on the purchase (B) your transferring attorneys fee and (C) the bond registering attorneys fee.
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