Mortgage Financing And Construction

Mortgage Financing And Construction

The target of this loan product is to help sacco members to be home and real estate owners in a more convenient and competitive manner

Features:

  • Copy of signed Sale Agreement between the borrower and the vendorto be submitted to the sacco’s most current copy of the title deed
  • The borrower MUST have clear and proven source of repayment already existing income streams that are sufficient to meet expected repayment.
  • The security to be by way of first legal charge on the property being financed and/ or another property
  • Loan secured by the plot is 30% and the house 70%
  • Property to be valued by a valuer on the Sacco’s panel

Requirements:

  • Original Bill of Quantities prepared by a registered Quantity Surveyor
  • Project Implementation Schedule (Contractor’s Work Plan) detailing all activities and scheduled time frames
  • Building contract agreement between borrower and contractor

Need more info?

Please feel free to reach out to us via our email. We will get back to you as soon as possible, or just give us a call now.

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