1. BUSINESS MORTGAGE STANDARD BANK AUGUST 2007

2. DEFINITION BUSINESS MORTGAGE RESIDENTIAL PROPERTIES WHICH CAN BE EASILY CONVERTED BACK TO A RESIDENTIAL HOME ONCE A BUSINESS IS NO LONGER REQUIRED

3. CRITERIA MINIMUM LOAN R100000 MAXIMUM LOAN R10M SECTIONAL TITLE OFFICES R1,5M MAXIMUM BOND LTV LESS THAN 66%=20YEAR TERM LTV MORE THAN 66%=15 YEAR TERM HOC INSURANCE IS COMPULSORY ON ALL LOANS CONCESSION RATES MAY APPLY BUSINESS RIGHTS TO BE OBTAINED MAXIMUM LTV 80%

4. COSTS THE FOLLOWING COSTS ARE APPLICIABLE ON ALL LOANS. BOND COSTS TRANSFER FEES INITIATION FEES RGISTRATION FEES SECURITY ASSESSMENT FEES

5. CAPITAL RISK RATING CAPITAL RISK WILL APPLY AT A CHARGE OF 1,5% FOR THE ENTIRE LIFE OF THE BOND.

6. EXCLUSIONS BUILDING LOANS VACANT LAND ASSISTED LOANS JUMPSTART AGRICULTURIAL LOANS NON-RESIDENTIAL PROPERTIES FOR EXAMPLE FACTORIES AND RETAIL OUTLETS

7. DOCUMENTS REQUIRED HOME LOAN APPICATION INCOME & EXPENDITURE FORM CURRENT TITLE DEED OR CERTIFED COPY CURRENT LOCAL AUTHORITY ZONING CERTIFICATE CASH FLOW ANALYSIS

8. CONTACT PERSON PLEASE NOTE IF OVER R10M THIS LOAN WILL FALL UNDER OUR PROPERTY FINANCE CONTACT NUMBER 011770-8000 ASK FOR PROPERTY FINANCE DEPT PRODUCT OWNER Nolene 011631-1167