The South African Reserve Bank’s latest mortgage lending data has confirmed there has been a sharp decline in the value of new mortgage loans granted. In the last quarter of 2021, the rise in inflation has played a role and repo rate hikes have impacted residential properties the hardest. Before we get bogged down by the technical terms, let's begin by unpacking the importance of a mortgage when it comes to financing a home. We talk about what are the key factors that determine what you can afford. What does this decline mean when it comes to what the banking is willing to lend you?

 

Guest: Samuel Seeff - Chief Executive Officer of Seeff Properties