Guest: Trudie Broekmann an attorney specialising in Consumer Law.

• A person (“buyer”) must:
• contact his/her bank to find out whether or not s/he qualifies for a home loan and if so, what amount s/he qualifies for;
• make sure that s/he can afford the monthly loan repayments and other costs like, rates and taxes, water and electricity, insurance premiums and so on;
• find out about any once off costs, for example, legal costs, transfer duty or value added tax, loan administration, initiation and registration fees and so on;