Joint Bond Affordability Calculator
Buying with a partner? Combine your incomes to increase your borrowing power. Calculate your Household Affordability.
Benefits of Co-Buying
- ✓Qualify for a larger loan amount.
- ✓Share the burden of deposit and transfer costs.
- ✓Split monthly repayments and maintenance.
Warning
Before signing, sign a Co-Ownership Agreement. It should detail what happens if the relationship ends, if one person wants to sell, or who pays for maintenance.
Joint Bond Glossary
- Main Applicant
- Usually the person with the higher income. The bank often uses this person's primary bank account for the debit order, though you can nominate a joint account.
- Community of Property
- A marital regime where both spouses' estates are merged. You generally cannot buy property alone; your spouse's written consent and signature are required.
- Co-Ownership Share
- By default, co-owners share the property 50/50. However, you can specify different shares (e.g., 70/30) in the Title Deed if one partner contributes more to the deposit.
- Suretyship
- Even if you only own 50% of the house, you sign surety for 100% of the bond. If your partner defaults, the bank comes after you for the full outstanding amount.
Joint Application FAQs
Can I buy a house with a friend or partner?
Yes. South African banks allow joint bond applications for 2 or more people. This includes spouses, life partners, siblings, or friends. The bank will assess the combined income and credit scores of all applicants.
What does 'Joint and Several Liability' mean?
It means that all co-owners are responsible for the debt together (jointly) and individually (severally). If your partner stops paying their share, the bank can legally demand the FULL monthly repayment from you.
Does being married affect the bond application?
Yes. If you are married in Community of Property (COP), you MUST apply jointly, and your spouse must sign all documents. If married Out of Community of Property, you can apply jointly or individually.
Get a Formal Quote PDF
Need a formal document for your bank application or client? Enter your email to receive a branded PDF breakdown of this calculation including transfer costs and amortization.
- Official Amortization Schedule
- Tax Certificate Format