You already pay a bond-sized rent.
You've paid your rent on time for years. You know you can carry a home loan. The bank's checklist says otherwise.
For tenants ready to own · rent-to-buy
Own the home your income already affords.
You know you can afford a home. The banks keep saying no. We believe you, and we have the house.
With Lease to Buy you move in now and fix your price today. When you're ready to buy, use any bank. If the banks still say no, borrow from us: Nine Stones Capital finances your home itself.
- Day oneMove in. Your price is fixed.You hold the sole right to buy.
- Years 1 to 5Live in it like an owner.Improve it. The value you add is yours.
- Any time you chooseBuy it.With any bank, cash, or a home loan from us.
- After thatIt's yours.Settle early or sell. Keep the profit.
Backed by Nine Stones CapitalInvesting in South African property since 2012
Attorney-recorded agreementsEvery lease and sale drawn up by a conveyancing attorney
No penalties, everBuy early, settle early or sell whenever you want
Who it's for
Built for tenants the banks say no to.
Banks look at your salary on paper. We look at what you can actually pay each month.
Your income doesn't fit a payslip.
You earn well, on your own terms. Banks want years of neat statements. We want to see that you can pay.
Your record is behind you.
A judgement, a debt review or a bad year can block a bond for years. Your income and savings say you're ready now.
Is it a fit?
- You pay your rent on time.
- You have money left over at the end of each month.
- You have savings for the option fee.
A R30 000 salary with R20 000 left over each month can be a better fit than a R200 000 income that's already spent.
What you get
The home now. The ownership on your terms.
Stop waiting for a bank's yes.
Live in the home while you get your paperwork, your credit record or your deposit where you want it.
The market moves. Your price doesn't.
Sign once and your purchase price is fixed for the whole lease, however long you choose.
Your option fee comes off the price.
Keep your lease in good standing and every rand of your option fee is deducted when you buy.
Month two or year five.
Use any bank, any lender or cash. We step out. You pay only the normal transfer costs.
If the banks say no, borrow from us.
Nine Stones Capital finances your home itself, over 30 years at a fixed rate. The bigger your deposit, the lower your rate.
Improve it. Profit from it.
Renovate with our approval and keep the value you add. Settle early or sell any time and the profit is yours.
How it works
Two phases. One decision at a time.
You choose how long you want to live in the home before you buy it. Then you choose how to pay for it.
Phase one · 1 to 5 years
Live in it.
You lease the home and hold the sole right to buy it at the price agreed on day one.
- Your price is fixed for the whole lease
- Your option fee comes off the price when you buy
- Renovate with approval and keep the added value
Phase two · whenever you're ready
Own it.
Buy with a bond from any bank, or with cash, and we step out. If the banks still say no, borrow from us. Nine Stones Capital finances your home itself.
- 30 years, fixed rate, set by your deposit
- Add to your deposit to lower your rate
- Settle early or sell any time, with no penalties
- ApplyTell us about yourself and the kind of home you want. It takes five minutes.
- Choose your home and termPick the home and how long you want before you buy: one to five years.
- Sign at the attorneyA conveyancing attorney draws up and records your agreements.
- Move inPay your option fee and deposit, get your keys, and make it home.
Your numbers
See what it costs to start, and what you'd pay to own it.
Move the sliders. Everything updates as you go.
R800 000R8 000 000
How long before you buy?Option fee: 5% of the price
A longer lease holds your price for longer, so the option fee is higher.
Optional. Only needed if you borrow from us. It's added to your option fee to set your rate.
Your monthly instalment if you borrow from us
R27 920
30 years at a fixed 14.5%. Or get a bond from any bank and we step out.
- Option fee to move in
- R120 000
- Comes off your price
- − R120 000
- Your total deposit
- R120 000 · 5%
- Amount you borrow
- R2 280 000
Put down R125 000 more when you buy and your rate drops to 12%, saving about R5 800 a month.
Your deposit sets your rate
An illustration, not a quote. Excludes transfer costs, rates, levies and insurance. Your final terms are set out in your signed agreement.
A worked example
One home, start to finish.
A R2.4 million family home on a three-year lease, with a market rent of R16 000 a month.
To move in
Option fee (5%, comes off your price)R120 000
Refundable deposit (one month's rent)R19 200
Application feeR1 495
Total on day oneR140 695
While you live there
Rent in year oneR19 200 pm
Rent in year twoR20 544 pm
Rent in year threeR21 982 pm
Rent rises 7% a year. Your purchase price stays at R2 400 000.
In year three, you buy. Three ways to do it.
A
A bond from any bankBorrow R2 280 000. We step out at transfer.
Your banktheir rate
B
Borrow from us, no extra depositYour option fee is your deposit. R2 280 000 at 14.5%.
R27 920per month
C
Borrow from us, R240 000 extra deposit15% down in total. R2 040 000 at 12%.
R20 984per month
In option C the instalment sits below your year-three rent. Add the value of any improvements you've made, and you own more of the home on the day you buy.
About us
You're dealing with the owner, not an agent.
Lease to Buy is offered by Nine Stones Capital (Pty) Ltd, a South African property investment company. We own rental and other property across the country and manage all of it ourselves. The home you lease is ours, and the people you speak to are the people who decide.
Since 2012Nine Stones Capital, investing in South African property
23+ yearsFounder Kobus Taljaard's investing experience
ZeroEvictions in our founder's investing career
In-houseEvery property managed by us, not a third party
“I have made a few investment purchases through Kobus and they have always been easy and transparent.”
Ryan Medhurst, investor
“Kobus is very knowledgeable and provides great advice and is always willing to help and open to creative property ideas.”
Jc de Jongh
“Quickest property sale I've ever experienced, and words cannot even describe how thoughtful the company's management is.”
Sibongakonke Manyoni
Reviews from Nine Stones Capital clients.
Questions
The details, in plain words.
What does it cost to start?
A once-off application fee of R1 495. Once you've chosen your home, you pay the option fee and a refundable deposit of one month's rent.
How is the option fee worked out?
It's a percentage of the purchase price, based on how long you want before you buy. A longer lease holds your price for longer.
| Lease | Option fee | On a R2.4m home |
|---|---|---|
| 1 year | 2.5% | R60 000 |
| 2 years | 3% | R72 000 |
| 3 years | 5% | R120 000 |
| 4 years | 7.5% | R180 000 |
| 5 years | 10% | R240 000 |
The option fee is not refundable. When you buy, it comes off your price in full, as long as you've kept to your lease for the whole period.
How is the purchase price set?
The price is set at 20% above the home's current market value and fixed for the whole lease. That premium pays for three things: a price that can't rise for up to five years, the sole right to buy, and a seller who will finance you if a bank won't.
How is the rent set?
Rent is set at 20% above the top of the market rent for that home and rises 7% a year. During the lease you also pay the rates, levies and maintenance, as an owner would.
When can I buy?
Any time during the lease. Tell us you're ready and the attorney starts the transfer. There are no penalties or extra fees. You pay the normal transfer costs, as you would on any purchase.
What if I still can't get a bond?
Then you borrow from us. Nine Stones Capital finances the purchase itself over 30 years at a fixed rate. Your option fee counts as your deposit, and you can add more when you buy to lower the rate.
| Total deposit | Fixed rate |
|---|---|
| 2.5% | 15.25% |
| 5% | 14.5% |
| 7.5% | 13.75% |
| 10% | 13% |
| More than 10% | 12% |
Can I pay it off early or sell?
Yes. Settle the balance or sell the home whenever you want, with no penalties. Any profit is yours.
Can I renovate?
Yes, with our written approval, in either phase. When you sell or refinance, the value your improvements added is yours.
What if I change my mind during the lease?
You're never obliged to buy. If you don't, the lease ends as a normal lease, your refundable deposit is handled as usual, and the option fee is not refunded.
Who draws up the agreements?
A conveyancing attorney drafts and records every lease and sale, and checks that each transaction is legally sound before it's recorded.
What kind of homes?
Houses, townhouses and apartments in towns and cities across South Africa. We don't offer rural, commercial or government-subsidised (RDP) homes.
Apply
Start with a five-minute form.
Tell us about you and the home you want. We'll come back to you on WhatsApp to talk it through.