The Absa International Mortgage

The Absa International Mortgage is specifically designed for people who want to purchase a property, or remortgage an existing property, in South Africa.

• No minimum loan amount
• No maximum loan amount

Exchange Control Restrictions on Loan To Value Maximums
Exchange control regulations restrict the loan to value (LTV) maximum that a non-resident can obtain on a South African property to 50% of the value of the property (e.g. you need to pay a deposit of at least 50% of the property value). South Africans that have not formally immigrated into the UK will not be subject to this restriction and will be treated as South African residents temporarily living abroad for the purposes of determining maximum LTVs.

• Your mortgage will be repaid at a variable interest rate of Prime plus 1%.
• The maximum term for a mortgage is 20 years.
• There is no minimum term.

Full details of the mortgage product are available on the Absa website on www.absa.co.za.

How to apply

Contact Us today to find out more about how we can help you buy a property in South Africa.

Charges may apply to some of the features highlighted.

Mortgage checklist

As part of the mortgage process for buying in South Africa, you'll need to provide us with the following information:

• A completed International Mortgage application form

About the property:

• A copy of a signed Offer to Purchase/Deed of Sale/agreement of sale

About you:

• A clear photocopy of your current identity document or passport
• Your latest proof of income and three months’ bank statements
• A current statement of assets and liabilities, as well as a banker’s report from your bank in your country of origin

Absa may need to ask you for additional information, depending on your circumstances and the property you wish to buy. Absa will inform you of this when you're ready to apply.