But not, because they’re significantly riskier, loan providers typically use very rigorous requirements when examining individuals to have zero-deposit mortgage brokers

Blog post conclusion

• Financial institutions normally implement really tight criteria when considering household-financing people with no-deposit since they are noticed significantly riskier.
• Common standards to have no-put consumers include a clean credit rating, a strong installment records, steady a job and you will a fundamental types of and venue out-of prospective property.
• Guarantor funds are ideal for individuals who possess an everyday borrowing from the bank strength and you can earnings, however, do not have the method for assemble the initial deposit.

For many people, to buy property is part of the good South African fantasy.