REF 004319798 - We've applied for a bond twice now with Std bank & both outcomes have left us very despondent. My first application was August 2012 for an amount of R1175000 of which Std bank offered us only 90%. As a FIRST time Buyer I was unable to finance the shortfall of R118000 & did not accept the loan. I decided to look for a house under a million as I was advised that my chances of receiving 100% were better. We were fortunate to find a house & negotiated down to a good price of R1 mil exactly. Now Standard Bank only want to offer us 80%. At an installment of R6500, when we are currently paying rent of R8500 & have been for 1 & a half years! We had anticipated our bond repayments would be about R9000 & were quite satisfied. I cannot understand why STD Bank are turning away business. The quote I received said the replacement value of the house is R1 377 640 so it's not that the house Is overpriced. It is an excellent investment opportunity. My husband has financed 4 cars through Std Bank & never missed a payment. How can we be expected to finance a shortfall of R200K. I won't accept this & can't go through this again, the Call Centre cannot assist & is not interested!
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