2006 saw a further relaxation in South Africa's Exchange Control Regulations. The off-shore allowance - the amount which South African taxpayers may invest abroad - rose from R750,000 to R2,000,000. This move has made it a lot more feasible for South Africans to diversify their property porfolios by investing in property in the United Kingdom.
The Bond Man has been appointed to represent Omega Financial Services UK in South Africa. In this capacity, we have assisted South Africans obtain mortgage finance in the UK for the purchase of units in 2 exciting London developments.
South Africans wishing to invest in the booming London property market, or anywhere in the UK, should contact us for pre-approval. We're delighted to have a new lender on board. Proof of income is not required for loans of up to 70% loan-to-value, so paperwork is kept to a minimum.