People & News

Absa discounts fees

Absa is offering its MyHome clients a 50% discount on conveyancing fees. Launched late last year, MyHome gives individuals or couples with joint monthly incomes of between R1 500 and R7 500 access to an affordable 100% mortgage bond for houses up to R250 000. The market is growing rapidly so a saving of, for example, R5,000 on fees of R10 000 amounts to quite a bit.

Spokesmen from various banks have praised Absa's initiative, as have estate agents. As an added bonus, qualifying owners will be issued vouchers allowing them to buy discounted products at,inter alia, Joshua Doore, Morkels, Bradlows and Russells.

Article on Moneyweb

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