Nedbank is introducing a new offering called “HomeVision” to help homebuyers simplify access to funds for future home needs. With HomeVision, customers can register a higher loan amount at the deeds office (up to 30% more than the property price, up to a maximum of R5 million), allowing them to access extra money at a later stage without the need to apply for a further loan, which can be a lengthy process and involve additional registration fees. HomeVision funds can be used for any need and customers only need to undergo affordability checks and property valuations when applying for these funds. This offering aims to provide flexibility and convenience to homeowners in South Africa.
