Home Loans

Business Partners earn a percentage (60%, 70%, or 90%) of any money paid to the company by the service providers, based on the Business Partner Package.

It is important to make sure that you explain to your clients how the application process works and what the requirements are as this will drastically improve your approval rate.

For every fully processed and paid out new Home Loan Application submitted under your Business Partner Code, a percentage driven commission (0.65% – 0.85%) of the loan, based on the product and the credit provider will be paid to the Business Partner at the package percentage.

Example

R 1 000 000 Home Loan, Approved and Transferred to your client (excluding vat)

0.65 % commission paid to Ubuntu Connect from the Service Provider

= R6 500.00

 

As a Go Getter Business Partner you will earn 60% of R 6 500.00 = R 3 900.00

For all fully processed and paid out Second Bonds and Further Loan Applications, minimum of R 100 000 (only through Absa & STD Bank) submitted under the Business Partner Code, you will receive a percentage driven commission up to 0.50% depending on the product and the service provider.

This service may be marketed in any way, so think out of the box and place ads in newspapers, magazines, distribute flyers, business cards, place ads on the internet and visit South African forums to let people know that you can assist them with their home loan application. The service is ideally aimed at the following groups:

• Preferably credit worthy clients between the ages of 18-60
• Clients listed under the Credit Bureau Data are assisted provided they are not under or have not applied for administration, debt review or sequestration.
• Only clients that are permanently employed and have been working at their place of employment for more than six months can be assisted
• South African Citizens Living & Working Abroad
• Non Residents with a Working Permit & Temporary Residence:
• Single and multiple applicants

In this industry I cannot stress the importance of referral business and word of mouth marketing, so as soon as you are ready, start letting people know that they can approach you for the best customer service when it comes to getting a new home and let them know that you will go out of your way to assist them. Some ideas to get you started, approach:

• Person to person
• Family and friends
• Events and gatherings
• Advertising boards, banners, posters
• Cash loans shop because competitors are a good source of business

INSTRUCTIONS

• Click the button to download the zip file
• Extract the zip file to your pc. Open the folder to view the PDF files
• Import the pdf into a graphic program that is able to edit the text eg: Photoshop (Your printer will know how to do this as well)
• Edit the contact details to show your details and NOT the example details.

Every application will require to date supporting documentation, which must signed, scanned and sent through to the office with you Business Partner Code clearly indicated.

Applications without supporting documentation will be terminated without further communication, so please ensure that you and your client follow instructions sent by the office.

Click here to download the zip file of documents

Transferring ownership of a property from the seller to the buyer (i.e. conveyancing) is a complicated and often misunderstood process. It involves a number of parties, many of whom have conflicting interests. All of them, however, have to coordinate their efforts to ensure that the documents arrive at the Deeds Office on the same day.
There are other parties, such as the Estate Agent, Mortgage Lender and Mortgage Originator, who have a financial interest in the transaction and often want it to be completed in the shortest possible time.

Understanding the sequence of events will help you monitor the process accurately and also give you an idea of the time remaining at each stage.

Below are some of the steps typically required to transfer a residential property. It has been written in simple language and the diagrams have been used to illustrate the relationships between the various parties.