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Will my partner’s poor credit score affect our joint home loan application?

Banks are required to comply by the National Credit Act in the granting of credit to applicants, so an impaired credit rating of any of the applicants can affect the outcome of a joint home loan application. The bank’s credit decision will depend on the strength of your information and on how often and how severe the listings are on the credit score of your partner. However, if either of you has been blacklisted or is under a formal rehabilitation programme, the banks will not approve the loan as a joint application.

Learn more about the credit score you need to buy a house, and how to find out what your credit score is.

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Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M