SA Affordable Housing January - February 2019 // Issue: 74 | Page 17

ADVERTORIAL
FNB is committed to
making housing a reality
FNB is committed to making housing a reality to as many people as
possible. To this end we work with various stakeholders in the housing
industry to help customers through the homeownership process.
By First National Bank
O
ne such stakeholder is government, through its
Finance Linked Individual Subsidy Programme(FLISP),
a once housing grant, aimed at first-time home
buyers who fall within the gap housing market. The
National Department of Human Settlement has recently
expanded to include people who earn between R3 501 and
R22 000 (previous ceiling was R15000) a month. The
subsidy amounts have also been increased from between
R20 000 and R87 000 to between R27 000 and R121 000.
We believe that this will go a long way in addressing many
of the challenges in the affordable housing market.
We have also started looking helping customers that are
beneficiaries of Breaking New Ground (grant houses from
government) housing units. There about 1.8 million
Breaking New Ground (BNG) housing units registered with
the deeds office and a significant number of them are
starting fall out of the pre-emptive period (eight years no
sale policy). The government has been working to resolve
some of the title deed issues associated with these housing
units. We believe that we can start assisting BNG
beneficiaries unlock the value of their homes and grow
their wealth.
Access to housing is a matter of national importance
and calls for stakeholders to radically rethink the delivery
of housing through deeper collaboration among sectors
and communities.
Our Employer Backed partnerships in the form of
Employer Schemes have created an environment where we
have expanded our reach and put more roofs over the
heads of our customers and their families. By offering self-
sustaining mechanisms within the affordable market we
have been able to create operating models that have
allowed us to expand our product offering without
changing our risk appetite. This has further allowed us to
create an enabling environment to solve for multiple forms
of quality and sustainable access to homes.
We are constantly looking for ways to make the process of
home finance simpler and more accessible and that is why
we launched the nav» Home platform. This is platform can
be accessed by our customers on the FNB Banking App and
allows them to be empowered with information prior to
applying for a home loan as follows:
• Pre-approval to determine the home loan amount the
bank will give the customer
• Search for properties in their preferred area
• FREE instant value estimates which uses comparable
sales information so customers can make an offer
with confidence
• Apply at their convenience and track their application
every step of the home loan journey
When customers use this platform to apply for a home
loan, they receive the following benefits:
• Guaranteed 50% back in eBucks on their first home
loan repayment
• 50% discount on attorney registration fees
• Personalised interest rates
For terms and conditions of this offer, visit: www.fnb.co.za.
We are constantly looking for ways to make the process of
home finance simpler and more accessible.
www.saaffordablehousing.co.za
JANUARY - FEBRUARY 2019
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