Rent2buy Online Affordabilty & Credit Check
Welcome to Rent2Buy.
We are looking forward to assist you on your journey to own your own property!
At the moment, due to the impact of Covid, the rental underwriting for the Rent2buy Finance transactions cannot provide the required underwriting [as the Courts of Law are reluctant to evict tenants that do not pay their rent]
We expect that we will be able to continue with the Rent2buy Finance program by early next year - 2021.
RENT2BUY STANDARD & INSTALMENT SALES AGREEMENTS
The concept of an Instalment Sale Agreement can be a solution, or a Rent2buy Standard agreement, should you find a seller that is willing to sell his/her property to you under such a structure.
Read more about:
A Rent2buy or ISA buyer must still thus have a good credit score and affordability to meet the monthly repayments as well as the expenses to cover the rates, taxes, levies and utility accounts for the property to be purchased.
As an interested buyer, you can do your own online credit score and affordability check and once completed, Juanita from our R2B Team will be in touch to discuss the outcome of your application.
If you are then interested and able to continue, Juanita will assist you with the next step and that will be the formal application for the Rent2buy or ISA application.
HOW LONG WILL IT TAKE?
STEP 1 - UNDER 10 MINUTES
The online process can be completed within 10 minutes.
You will be able to do it all online.
We eliminated the requirement to go to your own bank and stand in long queues to obtain copies of banks statements or complete forms, print it out, scan in and send such to us - you can do it all online, even upload your supporting documents such as proof of income, identity documents and a copy of your identity document.
You will be able to link up with your own banking profile & personal credit profile, linked to Experian credit bureau, to ensure that the information that you complete are very accurate.
A Bond Indicator certificate combined with your credit profile will then be issued.
We will then match that certificate with your Rent2buy or ISA purchase power and issue you with an indication of your R2B or ISA purchase power certificate.
You can then start house hunting and Juanita will explain to you how to go about.
HOW MUCH WILL IT COST?
R150.00 for an individual and R250.00 for a couple
HOW DO I PAY?
You can pay it online through Quicket - Go to the payment option, select a ticket - single or couple and to the payment.
Once paid, you will be issued with a ticket. On the ticket will be a web link to enable you to start your own online credit and affordability check.
Go to the link or copy and paste it into your browser to start.
If you are two people who are buying - example a couple married in community of property or you want to combine your income with a partner or a spouse to increase your purchase power, then you must buy a "couple" ticket.
Once paid - pse email Juanita - her email address is - [email protected] to alert her that you paid and that she can guide and assist you further.
PROPERTY FOUND TO BUY
We will assist and guide you how to go about. A pre-qualification will still be required.
Meyer de Waal
Founder of Rent2buy, My Budget Fitness and My Bond Fitness and MDW INC Attorneys
2nd Floor Block C, Boulevard Office Park, Searle Street, Woodstock Cape Town
|Refund policy||Refunds allowed (view policy)|