EasyMortgages: Making mortgages easier

At CN&CO, we love seeing innovation that simplifies financial services and opens up opportunities for more people to invest in their future. That’s why we’re excited about EasyMortgages, the mortgage origination business within the EasyEquities group. It’s designed to help EasyProperties and EasyEquities clients seamlessly secure home loans and take their property investment journey to the next level.

“Buying a home is one of the biggest financial decisions anyone can make,” says EasyProperties’ Rupert Finnemore. “However, the home loan application process can be complex, time-consuming and, frankly, overwhelming.

“EasyMortgages takes the hassle out of securing a bond by acting as an intermediary between buyers and banks, streamlining the entire process.”

With EasyMortgages, the focus is on convenience, efficiency and value. Here’s how it works…

Instead of applying to each bank separately, EasyMortgages simplifies the process by submitting a single application on your behalf to multiple banks. This increases your chances of approval and ensures that you secure the best possible deal without the hassle of navigating different lending institutions on your own.

“One of the best aspects of EasyMortgages is that the service is completely free for homebuyers,” says Rupert. “You get expert guidance and support throughout the mortgage application process without paying a cent. There are no hidden costs – just a straightforward way to secure home financing.”

EasyMortgages enables banks to compete with each other for your business and so facilitates competitive interest rates and flexible loan terms, ensuring you receive the best financing option tailored to your needs.

“Whether you’re buying your first home, buying a family home, downscaling or investing in property, having access to better rates can make a significant financial difference in the long run.”

The team also takes care of all the paperwork and liaises directly with the banks, saving you valuable time and effort. So, instead of dealing with complex forms and back-and-forth negotiations, you can focus on finding your ideal property while the experts handle the administrative burden.

For EasyEquities and EasyProperties clients, there’s an added bonus. “You can receive up to R5 000 cashback into your EasyProperties wallet upon successful bond registration,” says Rupert. “This extra reward can be reinvested into property opportunities or other investment options within the EasyEquities ecosystem.”

Beyond that, EasyProperties has negotiated up to 40% off conveyancing fees, helping you save on bond registration and transfer costs. Legal fees can add up quickly, so this discount makes a meaningful difference, especially for first-time buyers looking to keep upfront costs manageable.

To top it all off, EasyEquities clients who register a bond through EasyMortgages receive Thrive Level 10 for six months. This unlocks exclusive benefits within the EasyEquities ecosystem, giving you access to premium perks and rewards that enhance your overall investment journey.

The South African property market in numbers

Understanding the market helps put these offerings into perspective. According to Lightstone data from February 2024:

• There are over 7 million residential properties in South Africa, with a combined value of R6.8 trillion.
• The average property value is R980 000.
• In 2023, there were 185 620 property sales with a total value of R288 billion.
• The average sales price in 2023 was R1.5 million.
• The average loan-to-value ratio was 87%, meaning that most buyers financed their homes with mortgages averaging R1.35 million.
• A total of R250 billion in home loans was granted in 2023.

Bringing EasyMortgages to 2 million EasyEquities clients

“With over 2 million EasyEquities clients, EasyMortgages has the potential to make home financing more accessible, affordable and hassle-free for a vast community of investors,” says Rupert. “Whether you’re buying your first home, upgrading, or investing in property, EasyMortgages ensures you have the best mortgage options at your fingertips.

“This is yet another example of how EasyEquities continues to break down barriers to investment, making wealth creation simpler and more accessible for South Africans.”

Want to get started? Visit EasyMortgages today and take the first step towards securing your dream home or investment property – the easy way!