Bond Type

Mortgages per Bond Type

Indicators as at 2011-Q4
Bond type Number of mortgages Value of mortgages Loan to Value (LTV)
Primary Bond 9 514 9 457 162 826 94.4%
Secondary Bond 2 411 1 206 986 332 62.4%
Switch 723 4 161 076 555 101.2%

A primary bond is the first bond on the property by the owner

A secondary bond is any subsequent bonds on the property by the same owner

A switch is when a bond is transfered to another institution

* Based on affordable suburbs only

Equity release

Mortgages by Equity release

Indicators as at 2011-Q4
Equity release Number of mortgages Value of mortgages Loan to Value (LTV)
Primary bond is equity release 529 199 705 291 95.4%
Not Applicable 12 119 14 625 520 422 89.5%

An equity release is the first bond on the property by the owner that was not used to purchase the property

* Based on affordable suburbs only

Institution

Mortgages per Institution

Indicators as at 2011-Q4
Institution Number of mortgages Value of mortgages Loan to Value (LTV)
ABSA 2 001 3 324 324 064 87.3%
FNB 2 016 1 914 709 032 92.8%
Nedbank 1 251 1 917 139 937 85.0%
NHFC 3 39 147 635 64.5%
Other 1 619 4 844 134 746 97.0%
Standard Bank 5 758 2 785 770 299 89.1%

* Based on affordable suburbs only