Property

Ombud helps with debt problems

The credit ombud’s office has been given the added responsibility of handling complaints related to the debt review and debt counselling process, and has received a flood of such complaints – in one case the ombud prevented a bank from auctioning a woman’s house. The credit ombud, Manie van Schalkwyk, has had an influx of…

How to avoid having your home repossessed

The eight interest rate increases since June 2006, rising inflation, and higher fuel and food prices have made it harder for borrowers to meet their home loan repayments. Some homeowners are no longer able to meet their repayments, and the number of mortgage bond defaulters has increased substantially over the past six months, the four…