Video: Move fast if you plan to buy property - Expert - CNBC Africa

Move fast if you plan to buy property - Expert

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In the wake of the decision by South Africa's MPC to leave the repo rate unchanged at 7 per cent and the prime rate and variable home loan rate at 10.5 per cent, prospective homebuyers should move fast if planning to buy property. This is according to Shaun Rademeyer, CEO of BetterLife Home Loans, as it means that those who have been planning to buy will not suddenly need more income to qualify for a home loan.

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