One application
You send your documents once. Devon checks them, captures a single clean application and has you review it before you sign. No separate forms for every bank.
Your home loan, handled.
One person from the first viewing to the keys. Devon sells you the home, then puts your application to seven lenders and makes them compete for your loan.
Why apply through LuxProp
Walk into a bank and you get that bank’s offer. Apply through an originator and up to seven lenders look at the same application and compete for it.
Seven lenders compete
Your application can go to all seven of MortgageConnect’s lenders at once. Devon takes the best offer back to the others and compares whole offers, not only the rate: fees, how much of the price each bank will lend, and the conditions attached.
No cost to you
The lending bank pays the originator once your bond registers. You pay nothing to apply, and LuxProp never asks for an upfront fee.
Your deadline, managed
Your offer to purchase sets a date by which the bond must be approved. Devon writes that condition with you, tracks it and gets your application in early. Buy through LuxProp and the same person runs the sale and the loan.
One application. Seven lenders.
Devon submits through MortgageConnect to these South African home loan lenders, choosing the ones that suit your profile.
Absa
FNB
Investec
Nedbank
RMB
SA Home Loans
Standard Bank
What could you qualify for?
Four numbers and a few seconds. This uses the same two tests South African banks start with: a repayment of no more than about 30% of your gross income, and enough left over after your expenses to carry it.
Example figures shown. Replace them with your own.
Before tax. Add both incomes if you are buying together.
What lands in your account after tax, medical aid and retirement.
Debt repayments (car, cards, loans) plus living costs (groceries, school fees, insurance, fuel). Leave out the rent you will stop paying.
Cash you can put down. Keep transfer and bond costs aside as well.
Prime is 10.75% (since September 2026). Each bank prices each client differently, which is why comparing offers matters.
You could qualify for a bond of about
Over 30 years
R 0
Over 20 years
R 0
Monthly repayment the banks are likely to allowR 0
30% of your gross incomeR 0
Left after your expensesR 0
How this is worked out
Banks start with two tests. Your repayment should be no more than about 30% of your gross monthly income, and what is left of your net income after your expenses must cover it. The lower of the two is the repayment used here. The bond is the amount that repayment pays off over 20 or 30 years at the rate shown. Banks then apply their own rules, so treat this as a starting point.
With your deposit you could look at homes up to R 0
Monthly repayment over 20 yearsR 0
Monthly repayment over 30 yearsR 0
Cash you would need on transfer
DepositR 0
Transfer duty and transfer costsR 0
Bond registration and initiation feeR 0
Total cashR 0
Cost estimates use the same scales as our transfer cost calculator. Your attorneys confirm the real figures.
An estimate based on general bank rules, not a pre-approval or an approval. Each bank checks your income, expenses and credit record, values the property, and sets its own limits.
Choose your path
Every bank wants the same basics, then something specific to how you earn and how you are buying. Open the one that fits to see what the banks look at, the documents to gather and the usual stumbling blocks.
Every application needs
- ID for every applicant
- Your latest three months of personal bank statements
- The signed offer to purchase
- Marriage certificate and antenuptial contract, if you are married
- Signed consents, including a credit check, when you apply
Banks may ask for more. Devon sends you the exact list for your situation.
Employed
Salary, commission or bonus
Who it is for
Anyone paid by an employer, including people whose pay includes commission, overtime or a bonus.
What the banks look at
Your gross and net pay, what is left after your expenses and debt, your credit record and how long you have been in the job. Where pay varies, banks work from the last six months.
Documents
- Latest three payslips, or six if your pay varies
- Employment contract if you are new in the job or on contract
- Proof of any other income: a lease for rental, a court order for maintenance
Plus the basics above. Banks may ask for more.
Typical pitfalls
- Income that does not show on your bank statements is not counted.
- New credit before the bond registers, a car or furniture, can undo an approval.
- Accounts you have closed but that still show as open: get a paid-up letter first.
Buying together
A spouse, a partner, family or a friend
Who it is for
Two or more people buying one home, married or not.
What the banks look at
Both incomes and both credit records, together. How you are married decides who must apply:
- In community of property: both spouses apply and both are assessed, even if only one of you wants the loan.
- Out of community (antenuptial contract): either spouse can apply alone, and only that spouse is assessed.
- Customary or religious marriages: banks treat these differently. Tell Devon how you are married and he checks each bank’s position.
Documents
- Income documents for each applicant, as for employed or self-employed
- Marriage certificate
- Antenuptial contract, or divorce decree if it applies
Plus the basics above. Banks may ask for more.
Typical pitfalls
- Leaving the antenuptial contract until the bank asks for it.
- One weak credit record holds back the joint application.
- Standing surety for someone else counts against your own affordability.
Self-employed or sole proprietor
You pay yourself from your own business
Who it is for
Business owners, consultants, freelancers and sole proprietors.
What the banks look at
Your financial statements, your SARS assessments and the money moving through your business and personal accounts. Each bank judges these case by case, so no calculator can give you an exact figure. Getting the file complete is what makes the difference.
Documents
- Registered business: accountant’s or auditor’s letter confirming your income and shareholding, financial statements, management accounts since the last year end, business bank statements, and signed statements of your personal income and expenses and your assets and liabilities
- Sole proprietor: ITA34 from SARS, personal and business bank statements, accountant’s letter confirming income, financial statements and a statement of your assets and liabilities
Plus the basics above. Banks may ask for more.
Typical pitfalls
- Income that never reaches a bank account cannot be counted.
- Out-of-date financial statements stall the file.
- Mixing personal and business spending makes your expenses look higher than they are.
Through a company
A (Pty) Ltd or a close corporation
Who it is for
Buyers purchasing in the name of a company or close corporation. Your accountant or tax adviser should confirm the structure suits you.
What the banks look at
The entity’s financial statements and solvency, the purpose of the loan, and usually a personal suretyship from the directors or members. Terms can differ more between banks for companies, so comparing offers matters even more.
Documents
- CoR14.3 for a company, or CK1 (and CK2 if members changed) for a close corporation
- Share certificates
- A resolution stating the purpose of the loan, who may sign and agreement to give security or suretyship
- Financial statements and management accounts
- Solvency certificate, the entity’s bank statements and a statement of its assets and liabilities
- ID for every director or member
Plus the basics above. Banks may ask for more.
Typical pitfalls
- A resolution that leaves out the purpose of the loan or who may sign.
- Directors who were not expecting to stand surety personally.
- Management accounts that stop at the last year end.
Through a trust
A family or investment trust
Who it is for
Buyers purchasing through a trust.
What the banks look at
Whether the trust deed allows the trust to buy property and borrow, whether the people signing are the trustees on the current Letter of Authority, and the trust’s own finances and solvency.
Documents
- Trust deed
- Master’s Letter of Authority
- Trust resolution, usually signed by all trustees
- Financial statements and management accounts
- Solvency certificate, the trust’s bank statements and a statement of its assets and liabilities
- ID for every trustee
Plus the basics above. Banks may ask for more.
Typical pitfalls
- A Letter of Authority that no longer matches the current trustees.
- A trust deed that does not allow borrowing.
- A trustee abroad slowing down the signing. Plan for it early.
Living abroad or a foreign national
South Africans overseas, residents and non-residents
Who it is for
South Africans working abroad, permanent and temporary residents, and foreign nationals buying here.
What the banks look at
Your residency status, where your income comes from and in which currency. Banks usually lend non-residents a smaller share of the price, so plan for a larger deposit. Not every bank lends on every residency status, so Devon applies only to the banks that do.
Documents
- South African abroad: SA ID
- Permanent resident: SA ID or permanent residence permit
- Temporary resident: passport with your SA visa, and your work permit
- Foreign national: passport
- Proof of income (payslips or financials) and the bank statements it is paid into
Plus the basics above. Banks may ask for more.
Typical pitfalls
- An expired passport or permit: enough for an estimate, not for an approval.
- Money brought in from abroad without a clear paper trail.
- Time zones and signatures. Devon works on WhatsApp and email to keep it moving.
Building your own home
On your own stand, or a plot and plan
Who it is for
You own a stand, or are buying one, and want to build. Or you are buying a plot and plan from a developer.
What the banks look at
Approved plans, a signed building contract and a registered builder. A building loan is paid out in stages as the build goes up, not in one amount.
Documents
- Building contract
- NHBRC registration of the builder and enrolment of the home
- Approved building plans
- Schedule of finishes
- Title deed, if you already own the land
Plus the basics above. Banks may ask for more.
Typical pitfalls
- Expecting finance before the plans are approved.
- A builder who is not NHBRC registered.
- Costs outside the building contract that the loan does not cover.
Building from scratch? See Built for You.
From first call to registration
The usual order and typical timings. They are not promises: every bank and every file moves at its own pace.
-
01
Your estimate.
Start with the calculator, then a call with Devon. Once he has seen your documents he can work out a proper pre-approval, which usually holds for about 90 days.
-
02
The offer to purchase.
Your offer includes a condition that the bond is approved by a set date. Devon helps you set a date the banks can realistically meet.
-
03
Your documents.
Devon sends the checklist for your path, checks everything against the application and you review it before you sign.
-
04
Submission to the lenders.
One application, with a covering motivation, goes to the lenders that suit your profile, all at once.
-
05
Approval in principle.
Usually within 1 to 5 working days of a complete application. It is conditional, and Devon answers the banks’ questions as they come in.
-
06
Final offers and rate negotiation.
The formal offers arrive. Devon takes the best one back to the other banks and compares the whole offer: rate, fees, the amount lent and the conditions.
-
07
Signing.
Devon walks you through every clause of the offer you choose before you sign. Offers are valid for a limited time, so they go back promptly.
-
08
Registration.
The bank’s attorney registers the bond at the Deeds Office, typically about two months after final approval, alongside your transfer. Devon checks in until it is done.
The costs on top of the price
Plan for these in cash, separately from your deposit. Taking out new credit to cover them before your bond registers can cost you the approval.
Buying an existing home
You pay transfer duty to SARS: none below R1,210,000, then on a sliding scale. On top of that come the transfer attorney’s fee and the Deeds Office fees.
Buying new from a VAT-registered developer
The price already includes VAT, so there is no transfer duty to pay. Aurora’s Phase 2 homes in Hurlingham are an example: VAT inclusive, no transfer duty. Ask Devon whether a particular development qualifies.
Registering the bond
Every bond carries the bond attorney’s fee, a Deeds Office fee and the bank’s initiation fee, whichever way you buy.
Questions buyers ask
Does it cost me anything?
No. The bank that grants your home loan pays the originator a fee once the bond registers, so there is nothing for you to pay for the application. To be open about it: on a LuxProp home Devon is also the selling agent, paid by the seller or developer, and as your originator he is paid by the bank.
Is the calculator estimate an approval?
No. It is an estimate based on general bank rules. A bank only approves a loan after it has checked your income, expenses and credit record and valued the property. Devon can give you a properly worked pre-approval once he has seen your documents, and even that is not a guarantee.
Can I still use my own bank?
Yes. If you have a bank you would like included, tell Devon and he will add it to the banks he applies to where possible. You are also free to go to your bank directly or use any other originator. Buying a LuxProp home never depends on using this service.
How long does it take?
Once a complete application is in, banks usually give an approval in principle within 1 to 5 working days. The final offer follows, and the bond is typically registered about two months after final approval, alongside the transfer. These are typical times, not promises: every bank and every file is different.
What if a bank declines me?
Applying to several of the seven lenders at once means one decline is not the end. Devon asks the bank for its reasons and checks its figures against yours. Where the bank has made a mistake he appeals with the evidence. Where the gap is real he tells you honestly what would close it: a bigger deposit, a co-applicant, clearing a debt or a smaller loan.
What about the bond deadline in my offer?
Your offer to purchase usually sets a date by which the bond must be approved. Devon writes that condition into the offer with you, tracks the date, and gets your application in early. If more time is needed, an extension needs a written addendum signed by both parties, which is at the seller's discretion.
Is my information safe?
Your details are used only to assess and apply for your home loan. They are shared only with MortgageConnect, Devon's originator partner, and the banks you apply to, and only with your consent. LuxProp never sells personal information. Our Privacy Policy sets out exactly how it is handled.
Get your real numbers
Tell Devon the basics. He calls you, works out what the banks are likely to offer, sends you the document list for your situation and starts your application. Two minutes now, no cost to you, and nothing goes to a bank without your go-ahead.
Thank you. Devon has your details.
What happens next:
- Devon calls you, usually within one working day, to talk through your numbers.
- He sends the document checklist for how you are applying.
- With your go-ahead, one application goes to the lenders that suit you and he takes the best offer back to the others.
The bank pays the originator, not you
LuxProp never asks you for a fee or an upfront payment to apply. When your bond registers, the lending bank pays the originator. On a LuxProp home Devon may also be the selling agent, paid by the seller or developer; you are always free to use another originator or go to your bank directly.
Prefer to talk it through first? Devon is on +27 62 236 5180 and WhatsApp. The calculators on this page and in our Tools give estimates only. Only a bank can approve a home loan.