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Rawson says another concern is that many mortgage holders bands - including first time home buyers - are encouraged by the high interest rate unsecured loan to cover the deposit and the cost of transferring.
"This is definitely one of the reasons, in my opinion, why the trust of the latest economic indicators suggest that the reduction from 51.2 to 48.6 (for the third quarter of this year) for the second quarter.
However, many people feel that the risk is high, especially when one believes asian property that it is difficult to get a mortgage - now only 6% of the South African Home Loans he says.
The great concern is also the fact that a high percentage of those unsecured loans to public servants who seem to get loans more easily, because they are thought to be less at risk of losing their jobs people in private companies, according to Business Day.
Rawson says another concern is that many mortgage holders - including first time home buyers - are encouraged by the high interest rate unsecured loan to cover their deposits and transfer costs are.
"I need hardly point out that this is contrary to the traditional policy of the banks, insisting that a borrower must make a real commitment to raise at least 10 percent of the stock of deposits or suggest's:" Rawson .
However, banks should be "cajoled the enthusiasm felt at home because home ownership contributes to stable financially and politically motivated people to become wage earners still, he points out.
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