How works and to get started
To get started –provide us with the supporting documents – see below and pay our administration fee for the R2B Finance analysis:
- Complete the attached Rental Guarantee application form.
- This to analyze your rental amount that you can pay, to determine your R2B Finance purchase price. We will convert the rental amount into a purchase price and provide you with the full breakdown.
- You then sign an offer to purchase – and make it subject to a bond approval – within 21 working days from signature.
- Once signed, you send the offer to us.
- We step in and then take over the purchase and sign a new deed of sale with the seller and the R2B Finance company – Sentinel.
- You then sign a 2 year R2B/Instalment Sale agreement with Sentinel and this agreement can even be extended longer – into an instalment sale agreement – if you then cannot get a home loan approved within the 2 year period. Terms and conditions apply.
- You need to have a 6-7 % deposit to put down and your credit rating must be in a reasonable good status.
The price range is between R400 000 – R1.8 mil in regards to the criteria and for approved areas by the Rent 2 Buy finance company in the Cape Peninsula and Gauteng.
The cost is R750 per application / R850 ( for spouse or co-purchaser) – Click here to download, the MDW INC Attorney Trust Account details. Kindly use the ref. no R2B and your surname
Kindly send the following documents to us:
- Attached completed application form
- Copy of ID
- Latest 3 month’s salary slips
- Latest 3 month’s Bank statements
- Latest IRP5 form
- Proof of payment of R 750 / R850
For more information, contact
Juanita – Juanita@mybondfitness.co.za
Meyer - firstname.lastname@example.org
Tel - 021- 461 0065