Launching the Buy-to-Let proposition with

by Coert Coetzee

We are delighted to announce the introduction of Future Rental Income in the affordability assessment of a Buy-to-Let applicant purchasing residential investment properties for letting purposes. Taking Future Rental Income into account in an applicant's affordability assessment without having to provide a lease agreement is the first of its kind in South Africa.

How does Future Rental Income work?

Where there is a need for Future Rental Income to support the applicant's affordability assessment and where proof of the expected Future Rental Income cannot be provided by the applicant at time of application, an estimated market related Future Rental Income may be included in the income calculation on the application. Our credit team will then assess this for inclusion in the applicant's affordability assessment.

As is currently, where the applicant has existing lease agreements to prove rental income and as such, where an applicant is able to provide evidence of existing rental income, the applicant must provide evidence in the form of a copy of a signed existing lease contract/agreement with supporting six months bank statements, evidencing the last six rental deposits.

What's included and excluded?

  • In terms of property types, the property can be an existing or new residential dwelling, excluding small holdings, vacant land and building loans.

  • For Future Rental Income to be used for the Absa Buy-to-Let Home Loan application, the applicant/s must be purchasing their 3rd or more residential property.

  • Other Home Loan product exclusions include Private Bank Universal, first time home buyers and commercial home loans

Please note: the existing two properties can be either the applicant's primary residence and/or other residential investment property at Absa or another bank.

If you want to make use of this unique product, contact us at

REMINDER: Only Platinum Members of the Wealth Masters Club can make use of our service providers!