<!-- sp:pagelayer/pl_post_props {"post_title":"MOUNTAIN VIEW UNITS READY FOR THE GAP HOUSING MARKET IN MOSSEL BAY","post_status":"publish","post_date":"2023-11-23 11:07:47","post_author":"1","post_name":"mountain-view-units-ready-for-the-gap-housing-market-in-mossel-bay","featured_image":"33","post_excerpt":"MDW INC Attorneys were recently appointed by the Western Cape Government, Department of Infrastructure, in collaboration with the Mossel Bay Municipality, to facilitate the sales and marketing, property finance and conveyancing for the 278 GAP housing units for the Louis Fourie, Mountainview Development in Mossel Bay.","comment_status":"true","ping_status":"true","ele_bg_type":"color","ele_bg_color":"#100100100ff","ele_bg_hover":"","post_password":"","post_sticky":"true","post_parent":0,"menu_order":0,"post_category":{"0":1},"post_tags":{},"pagelayer-id":"j9l9579"} /-->
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<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003cbr\u003e\u003c/p\u003eMDW INC Attorneys were recently appointed by the Western Cape Government, Department of Infrastructure, in collaboration with the Mossel Bay Municipality, to facilitate the sales and marketing, property finance and conveyancing for the 278 GAP housing units for the Louis Fourie, Mountainview Development in Mossel Bay.","pagelayer-id":"fbm1773"} --><p><br></p>MDW INC Attorneys were recently appointed by the Western Cape Government, Department of Infrastructure, in collaboration with the Mossel Bay Municipality, to facilitate the sales and marketing, property finance and conveyancing for the 278 GAP housing units for the Louis Fourie, Mountainview Development in Mossel Bay.<!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nThis service will also include the design and development of the website for the development, facilitation of the end-user finance for the buyers through various financial institutions and subsidy applications.\n\u003c/p\u003e","pagelayer-id":"db92238"} --><p>
This service will also include the design and development of the website for the development, facilitation of the end-user finance for the buyers through various financial institutions and subsidy applications.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nThis project is aimed to assist and guide first time buyers to secure their own homes, making use of the First Home Finance subsidies (previously known as FLISP) combined with a home loan or any of the other types of finance available under the new-delinked subsidy programme.\n\u003c/p\u003e","pagelayer-id":"wmb320"} --><p>
This project is aimed to assist and guide first time buyers to secure their own homes, making use of the First Home Finance subsidies (previously known as FLISP) combined with a home loan or any of the other types of finance available under the new-delinked subsidy programme.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nBuyers can also make use of employee assisted financial help, own savings, unsecured loans, and many more in terms of the new-delinked subsidy programme.\n\u003c/p\u003e","pagelayer-id":"huq5813"} --><p>
Buyers can also make use of employee assisted financial help, own savings, unsecured loans, and many more in terms of the new-delinked subsidy programme.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nFiona Williamson Attorneys in Mossel Bay will be working with the MDW INC team to assist with the sales, marketing and the conveyancing of the units sold.\n\u003c/p\u003e","pagelayer-id":"fdk7698"} --><p>
Fiona Williamson Attorneys in Mossel Bay will be working with the MDW INC team to assist with the sales, marketing and the conveyancing of the units sold.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003cstrong\u003e\nTYPES OF UNITS AVAILABLE\n\u003c/strong\u003e\u003c/p\u003e","pagelayer-id":"tgi7359"} --><p><strong>
TYPES OF UNITS AVAILABLE
</strong></p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nThere are 278 FLISP units, consisting of double-story block units. \u003c/p\u003e","pagelayer-id":"zdk3343"} --><p>
There are 278 FLISP units, consisting of double-story block units. </p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nThe units consist of a living area, open plan kitchen, bathroom and 2 bedrooms  are within a 45m² footprint.\n\u003c/p\u003e","pagelayer-id":"ign4690"} --><p>
The units consist of a living area, open plan kitchen, bathroom and 2 bedrooms  are within a 45m² footprint.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003cstrong\u003ePRICING\n\u003c/strong\u003e\u003c/p\u003e","pagelayer-id":"2vo4825"} --><p><strong>PRICING
</strong></p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eAll units will be sold for the same price of R 450 000.00 that includes all costs of transfer and bond registration fees.\nHOW TO PAY LESS FOR YOUR UNIT\n\u003c/p\u003e","pagelayer-id":"9s32985"} --><p>All units will be sold for the same price of R 450 000.00 that includes all costs of transfer and bond registration fees.
HOW TO PAY LESS FOR YOUR UNIT
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eTo qualify for a home loan of R450 000.00, a buyer needs to earn at least R16 300.00 per month if paid back at the current interest rate of 11.75 % over 20 years.\u003c/p\u003e","pagelayer-id":"gsb4767"} --><p>To qualify for a home loan of R450 000.00, a buyer needs to earn at least R16 300.00 per month if paid back at the current interest rate of 11.75 % over 20 years.</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nIf the home loan term is stretched to be paid back over 30 years, the a buyer needs to earn at least R15 200.00 per month if paid back at the current interest rate of 11.75 % over 20 years.\n\u003c/p\u003e","pagelayer-id":"onq4620"} --><p>
If the home loan term is stretched to be paid back over 30 years, the a buyer needs to earn at least R15 200.00 per month if paid back at the current interest rate of 11.75 % over 20 years.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eHowever, if a First Home Finance Subsidy is applied on an income of R15 200.00 per month, then the subsidy of R85 238.00 can be deducted from the purchase price.\n\u003c/p\u003e","pagelayer-id":"wz54121"} --><p>However, if a First Home Finance Subsidy is applied on an income of R15 200.00 per month, then the subsidy of R85 238.00 can be deducted from the purchase price.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eThat leaves the buyer with a reduced home loan application of (R450 000.00 – R85 238.00 = R364 762.00.\nTO QUALIFY FOR A HOME LOAN OF R362 762.00\n\u003c/p\u003e","pagelayer-id":"2nc371"} --><p>That leaves the buyer with a reduced home loan application of (R450 000.00 – R85 238.00 = R364 762.00.
TO QUALIFY FOR A HOME LOAN OF R362 762.00
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eThe good news is that to qualify for a subsidy of R364 762.00, a reduced income of R12 300.00 per month of a buyer is required, if to be paid off over 30 years at an interest rate of 11.75%.\n\u003c/p\u003e","pagelayer-id":"z0l7245"} --><p>The good news is that to qualify for a subsidy of R364 762.00, a reduced income of R12 300.00 per month of a buyer is required, if to be paid off over 30 years at an interest rate of 11.75%.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e“Many more first home buyers will be able to own their own properties, by applying their First Home Finance Subsidies”, says De Waal.\n\u003c/p\u003e","pagelayer-id":"ew95499"} --><p>“Many more first home buyers will be able to own their own properties, by applying their First Home Finance Subsidies”, says De Waal.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eVerna Pugin will assist with the housing education for the first-time buyers as well the subsidy and home loan applications and pre-screening.\n\u003c/p\u003e","pagelayer-id":"5rb2054"} --><p>Verna Pugin will assist with the housing education for the first-time buyers as well the subsidy and home loan applications and pre-screening.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003cstrong\u003e\nHOW TO QUALIFY FOR A FIRST HOME FINANCE SUBSIDY\n\u003c/strong\u003e\u003c/p\u003e","pagelayer-id":"qun7900"} --><p><strong>
HOW TO QUALIFY FOR A FIRST HOME FINANCE SUBSIDY
</strong></p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eThe qualifying criteria for First Home Finance Subsidies are:\n\u003c/p\u003e","pagelayer-id":"fa69420"} --><p>The qualifying criteria for First Home Finance Subsidies are:
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e•\tOne must never have owned a property before\n\u003c/p\u003e","pagelayer-id":"buk1816"} --><p>•	One must never have owned a property before
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e•\tYour combined household income (before deductions) must be between R3 501.00 – R22 000.00 per month (to qualify for a home loan to afford this purchase, the buyer must earn at least R12 300.00 per month) \u003c/p\u003e","pagelayer-id":"wog9432"} --><p>•	Your combined household income (before deductions) must be between R3 501.00 – R22 000.00 per month (to qualify for a home loan to afford this purchase, the buyer must earn at least R12 300.00 per month) </p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\n•\tMust have a financial dependent, such as a spouse or a child\n\u003c/p\u003e","pagelayer-id":"awp6651"} --><p>
•	Must have a financial dependent, such as a spouse or a child
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e•\tBe a South African Citizen or have a permanent residency permit.\n\u003c/p\u003e","pagelayer-id":"vyg2943"} --><p>•	Be a South African Citizen or have a permanent residency permit.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e•\tMust have a home loan approved, or can apply any of the de-linked financial solutions available.\n\u003c/p\u003e","pagelayer-id":"icq4464"} --><p>•	Must have a home loan approved, or can apply any of the de-linked financial solutions available.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003cstrong\u003eASSISTING FIRST TIME BUYERS\n\u003c/strong\u003e\u003c/p\u003e","pagelayer-id":"b3k4594"} --><p><strong>ASSISTING FIRST TIME BUYERS
</strong></p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nSays Meyer de Waal, director or MDW INC Attorneys,\n\u003c/p\u003e","pagelayer-id":"jya3825"} --><p>
Says Meyer de Waal, director or MDW INC Attorneys,
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\n“We identified that more than 52% of the buyers of properties are first home buyers.\n\nOver the past 16 years, we developed guidelines and educational modules for buyers to help them buy their own homes. \n\nBuying a home is often the biggest investment one will ever make, and first-time buyers often lack the experience or knowledge how to approach the home buying process.\n\nWe are now able to share this knowledge and information with the first time buyers in Mossel Bay.\n\nFirst time buyers are often not certain how to apply the First Home Finance subsidies to assist them to reduce the purchase price of the home they want to buy and in such reduce the home loan that they need to qualify for.\n\nUnresolved issues on a credit score can also result in a decline of a home loan.\n\nOften a few negative entries such as a late payment or over indebtedness on a credit score profile can also prevent a buyer to obtain a home loan approval.\n\nBuyers who are overindebted or with a low or bad credit score will be assisted through the My Budget Fitness Programme developed by the MDW INC Team to improve their credit scores and affordability to re-apply when such improved. \n\nThis service also includes the property transfers and home loan registrations for the individual buyers, all under one service.\n\u003c/p\u003e","pagelayer-id":"zdg938"} --><p>
“We identified that more than 52% of the buyers of properties are first home buyers.

Over the past 16 years, we developed guidelines and educational modules for buyers to help them buy their own homes. 

Buying a home is often the biggest investment one will ever make, and first-time buyers often lack the experience or knowledge how to approach the home buying process.

We are now able to share this knowledge and information with the first time buyers in Mossel Bay.

First time buyers are often not certain how to apply the First Home Finance subsidies to assist them to reduce the purchase price of the home they want to buy and in such reduce the home loan that they need to qualify for.

Unresolved issues on a credit score can also result in a decline of a home loan.

Often a few negative entries such as a late payment or over indebtedness on a credit score profile can also prevent a buyer to obtain a home loan approval.

Buyers who are overindebted or with a low or bad credit score will be assisted through the My Budget Fitness Programme developed by the MDW INC Team to improve their credit scores and affordability to re-apply when such improved. 

This service also includes the property transfers and home loan registrations for the individual buyers, all under one service.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nFrom an earlier media release by the Government official website [1] it was reported that the Mountain View Housing Project in Mossel Bay, forms part of the Integrated Residential Development Programme (IRDP), where 1006 housing opportunities will be created for qualifying beneficiaries.\n\u003c/p\u003e","pagelayer-id":"lr87725"} --><p>
From an earlier media release by the Government official website [1] it was reported that the Mountain View Housing Project in Mossel Bay, forms part of the Integrated Residential Development Programme (IRDP), where 1006 housing opportunities will be created for qualifying beneficiaries.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eThe development, which is a provincial priority project, is the first flagship project within the Mossel Bay municipal area. It comprises of mixed land uses i.e. Breaking New Ground (BNG) units, Finance Linked Individual Subsidy Programme (FLISP) units and Social Housing units.\n\u003c/p\u003e","pagelayer-id":"xai5686"} --><p>The development, which is a provincial priority project, is the first flagship project within the Mossel Bay municipal area. It comprises of mixed land uses i.e. Breaking New Ground (BNG) units, Finance Linked Individual Subsidy Programme (FLISP) units and Social Housing units.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eThe construction of this R297 million budgeted project commenced in July 2019. \u003c/p\u003e","pagelayer-id":"kaw4307"} --><p>The construction of this R297 million budgeted project commenced in July 2019. </p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nTypologies in the project includes 278 FLISP units, consisting of double-story block units.\u003c/p\u003e","pagelayer-id":"at11854"} --><p>
Typologies in the project includes 278 FLISP units, consisting of double-story block units.</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e \nThe units consisting of a living area, open plan kitchen, bathroom and 2 bedrooms  are within a 45m² footprint.\n\u003c/p\u003e","pagelayer-id":"r7x8017"} --><p> 
The units consisting of a living area, open plan kitchen, bathroom and 2 bedrooms  are within a 45m² footprint.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eMinister Simmers said: “It’s pleasing to note the progress that is being made with this project. The development has already significantly enhanced the aesthetics of the area and symbolises the importance of investing infrastructure. In due course, just as the environment is improving, so too will the qualifying beneficiaries be able to establish a new and integrated community. These residents will also be much closer to the CBD, which ensures access to economic, job and many other opportunities.\n\u003c/p\u003e","pagelayer-id":"py14845"} --><p>Minister Simmers said: “It’s pleasing to note the progress that is being made with this project. The development has already significantly enhanced the aesthetics of the area and symbolises the importance of investing infrastructure. In due course, just as the environment is improving, so too will the qualifying beneficiaries be able to establish a new and integrated community. These residents will also be much closer to the CBD, which ensures access to economic, job and many other opportunities.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eAs the Western Cape government, we remain committed to accelerating human settlement delivery, while promoting social inclusion through the development of integrated, resilient, safe and sustainable human settlements in an open opportunity society.”\n\u003c/p\u003e","pagelayer-id":"0r81471"} --><p>As the Western Cape government, we remain committed to accelerating human settlement delivery, while promoting social inclusion through the development of integrated, resilient, safe and sustainable human settlements in an open opportunity society.”
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003cstrong\u003eINFORMATION SESSIONS \u003c/strong\u003e\u003c/p\u003e","pagelayer-id":"v0o2043"} --><p><strong>INFORMATION SESSIONS </strong></p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\n\nThe first information day sessions for buyers are scheduled for Friday 8 December and Saturday 9 December 2023.\n\u003c/p\u003e","pagelayer-id":"lst832"} --><p>

The first information day sessions for buyers are scheduled for Friday 8 December and Saturday 9 December 2023.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003cstrong\u003e\nREGISTER NOW TO BOOK A VIEWING AT THE SHOW UNIT AND OBTAIN YOUR HOME LOAN PRE-QUALIFICATION CERTIFICATE.\n\u003c/strong\u003e\u003c/p\u003e","pagelayer-id":"nnh5213"} --><p><strong>
REGISTER NOW TO BOOK A VIEWING AT THE SHOW UNIT AND OBTAIN YOUR HOME LOAN PRE-QUALIFICATION CERTIFICATE.
</strong></p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\u003ca href=\u0022https://www.mybondfitness.info/helpmebuyahome\u0022\u003e\nSign up here\u003c/a\u003e to book a viewing and a pre-qualification.\n\u003c/p\u003e","pagelayer-id":"8cr3760"} --><p><a href="https://www.mybondfitness.info/helpmebuyahome">
Sign up here</a> to book a viewing and a pre-qualification.
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e\nMeyer de Waal\n\u003c/p\u003e","pagelayer-id":"ldv4098"} --><p>
Meyer de Waal
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003eMDW INC Property Services\n\u003c/p\u003e","pagelayer-id":"gii1494"} --><p>MDW INC Property Services
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003emeyer@mdwinc.co.za\n\u003c/p\u003e","pagelayer-id":"y4a9663"} --><p>meyer@mdwinc.co.za
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e021 – 461 0065\n\u003c/p\u003e","pagelayer-id":"5ep4063"} --><p>021 – 461 0065
</p><!-- /sp:pagelayer/pl_text -->
<!-- sp:pagelayer/pl_text {"text":"\u003cp\u003e083 653 6975\u003c/p\u003e","pagelayer-id":"ro64983"} --><p>083 653 6975</p><!-- /sp:pagelayer/pl_text -->
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