3 things you didn't know your bond originator was doing behind the scenes
South Africa - Rawson
Using a bond originator when applying for housing finance is widely accepted as a good idea. The sheer convenience of having a professional handle the nitty-gritty of the application process is usually enough to convince most buyers. While convenience may be the most obvious advantage, however, Leonard Kondowe, National Admin Hub Manager for Rawson Finance, says it’s only the tip of the iceberg when it comes to a bond originator’s real value.
“The convenience factor is certainly one of the most common arguments for using a bond originator,” says Kondowe, “and part of our mandate as members of the Rawson Property Group is to make the purchase experience as smooth and stress-free as possible. As important as that is, convenience only goes so far when you’re looking at a financial commitment of 20 or 30 years, though. When you really get down to it, the most important part of a bond application for most buyers is getting the best deal they possibly can.”
Predictions for the 2019 property market
South Africa - ReMax
Last year was a tumultuous one, from newly instated presidents to economic recessions, ever-rising fuel costs, interesting IT revelations from SARS and a few more Finance Ministers. As we enter the new year, the question for real estate investors as well as everyday citizens now becomes: What awaits us in 2019?
“Not surprisingly, a lot will hinge around the outcome of the 2019 elections,” says Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett. “Leading up to the elections, I predict that house price growth will be slow, somewhere in low single digit numbers, as people await to hear the results before making significant long-term investment commitments. Properties are likely, therefore, to stay on the market somewhat longer during the marketing process for the first and second quarters of 2018, especially those properties in the high-end and luxury market.”
Technology and disruption – the reality
UK - Mortgage Finance Gazette
Stephen Ward, director of strategy and external relations at the Council for Licensed Conveyancers, gives an insight onto some of the innovations that are bringing about change in the conveyancing world
For all of us who work in the property sector, there is more and more talk of a possible future where the norm will be seamless online property transactions taking days or hours instead of weeks and months.
While this prophesying of a brave new world for the UK property market is exciting, it can at times feel very futuristic and speculative indeed and removed from the day-to-day business of property buying and selling.
However, not all of this is a great distance away. There are plenty of would-be disruptors out there who are already bringing changes to the way we do things. So, let’s take a step back and see what changes have already occurred in the market and what companies are transforming the shape of our everyday work.
Mortgage Finance Gazette