Somerset Mortgages - fast and effective loans
Somerset Mortgages is a leading expert on getting you the home loan that you are looking for.
If you are looking at buying overseas property, we will use our expertise to help make your overseas purchase. We will assist you every step of the way and find you the outcome you are looking for.
Apply now online
Our website allows you to apply online. The online loan application process is very simple and can be completed online. Somerset Mortgages as first established in the UK in 2001 since then we have spread and now have branches in over 24 countries around the world.
We are an expert in the financial field and specialize in property finance and property investment services. Our service is marketed to both home buyers and property investors.
Fast, effective service
Our service finds you the home loan you want that suits your individual needs as quickly as possible. The application process is very simple and we will get you an approval as well as quotes from different service providers so that you can compare and choose between. We will make sure that you are treated fairly and that you receive the best customer service possible.
Perfect for overseas investors
We have branches worldwide, this means that we are in the best position to find you a home to purchase overseas. If you are looking to purchase a property in a foreign country, there is often a lot of red tape and it might prove difficult for you to do it alone.
We specialize in helping you find a home to purchase in a foreign country and help you secure financing for the property as well. We will negotiate a better interest rate on your behalf and make sure that your repayment schedule is easy to manage.
Let us help you with financial backing
Other services that we offer
Our company specializes in helping you purchase a foreign property. We also assist with local home loans for the following:
- FIRST-TIME home buyers
- HOUSE buying
- HOME loans
- FIRST-TIME investment
- HOME financing
We have many years of experience in many different countries and we are considered a leader in securing you the home that you have always dreamt about.
We will help you every step of the way
We will assist you from the very first step, till the very last step. When you apply for a loan to see how much you will be able to afford we will help you fill in the online application form. Once you have a pre-approved amount that you can spend, we will help you search for the property of your dreams.
When you have chosen the home that you would like to purchase, we will help you draw up an offer to purchase and help you finalize the sale of the property. If you have any questions along the way, one of our friendly consultants will be able to assist you.
Lowest fees and interest rate
We are there to assist you and will make sure that you get charged the lowest fees and interest rates that we can. If you have a deposit to put down towards your property, we can negotiate an even more favourable deal. The less money that you need to borrow the better deal you will be given.
Somerset Mortgages Home loans
- Loan Type Home loans
Benefits of Somerset Mortgages
- HOME Loans
Somerset Mortgages - Buy your dream home
Another big purchase that you will make in your life is buying a vehicle. As most of our budgets are already stretched to its limits it is much more difficult to purchase a car for cash. These days more and more South African citizens are turning to vehicle loans to help them finance their vehicles.
Know your credit score
When purchasing a new home or getting finance on purchasing a new vehicle, it is very important that you know your credit score. This score will tell lenders if you are a high credit risk or a low credit risk and there is a summary of all your accounts and payment details listed. If you have a good credit score you will be able to get a bigger loan with better terms.
Know how much you can afford
It is important to know how much you can afford to spend when you are looking to purchase a vehicle. It is very advisable to have a deposit that you can put down. This will make your interest rate lower and will also lower your monthly payments.
By knowing your budget and only looking for a vehicle in this range and not fall in love with a car that is outside of your price range. Stick to your budget and make sure that you will be able to afford payments even if something should go wrong.
Use insurance to save on your car loan
Most lenders in South African will reward you for having insurance on your vehicle, you will be rewarded for having life insurance and disability insurance as this lowers the risk that you pose to the lender. If you have sufficient coverage you could get a much better deal and a much lower interest rate.
Chose a flexible repayment structure
Make sure that you chose a flexible repayment structure that gives you the option to pay back your car or personal loan early should you have the opportunity to do so. Some lenders impose early repayment penalties so make sure you know exactly what you are agreeing to before you sign the contract.
Customer Reviews & Testimonials
With the assistance of their online application process, I was able to get the ball rolling for my home loan right from inside the office. Wonderful to know that you no longer need to stand in ho...
— Uitenhage —
Thank you Somerset Mortgages for helping my family and I finance our dream home! We are very happy in our new home!
— East London —
As a first time buyer, I was really nervous about applying for my first home loan. But Somerset Mortgages and their friendly staff assisted me throughout the entire process and helped me every st...
— Grahamstown —