FNB

The latest FNB Residential Property Barometer shows that national loan-to-price ratio - the proportion of the purchase price that lenders are willing to fund - ...

Generally, the higher the ratio, the more willing lenders are to fund property purchases," explains Siphamandla Mkhwanazi, FNB senior economist. I suspect this competition is for customers with good balance sheets, but we have also seen it in affordable markets." (This implies a national deposit or down-payment rate of slightly more than 5%. Deeds office data for all banks - not only for FNB - was used and shows this is the highest the ratio has been since the second quarter of 2008.