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Step7: Deposit, Stamp Duty Fees And Charge Registration Costs Deposit An upfront payment of 10% of the purchase price will need to be paid to the seller at the time of signing the Agreement to Purchase or as contained in the agreement for sale. Stamp Duty It is the responsibility of the buyer to pay the stamp...
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Step8: Registration After all the documents have been signed by you and all fees paid, all the relevant paperwork is prepared by the respective attorneys for lodging with the Lands Registry office The attorneys will advise you once your property has been registered in...
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Step9: Managing Your Mortgage Loan Your first home loan payment will become due approximately 30 days after the loan payment is disbursed to the seller or as determined by the lender Usually, the first instalment for loans issued before the 15th day of the month fall due within the...
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Buy or Rent Which is The Best Option. A common argument for buying through mortgage is ”why would you pay monthly rent to a landlord instead of building equity in a home for yourself?” The real estate market in Kenya seems to be going through a tough phase. Experts have been...
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Our Shareholders KMRC Shareholding Structure
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KMRC Backed Home Loan - Value Proposition Single Digit Interest Rate (below 10%) Fixed Interest Rate Long Repayment Period (up to 25 Years) Loans Up to Kes 8 Million Financing Up to 105%
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Nyale Yanga Mr. Nyale Yanga is the Chief Finance Officer at Kenya Mortgage Refinance Company. He is responsible for effective management of the Company’s financial resources and providing appropriate financial and investment advice. He oversees capital...
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About Market Home Loans KMRC offers two categories of bulk loans to PMLs: Affordable Home Loans: Loan size up to KES 6M within Nairobi Metropolitan Area (covering Nairobi, Machakos, Kajiado and Kiambu Counties) and KES 5M elsewhere in Kenya and extended to borrowers with...
