Residential Construction Mortgage

Have a dream home in mind you would like to make into reality? Or do you simply need to revamp your house and give it a face lift? We have just the loan product to accommodate your vision and your payment flexibility.

Why choose Residential Construction Mortgage

  • <p>Customizable</p>
<p> </p>

    Customizable

     

    Ability to customize design to specific taste

  • <p>Home ownership</p>
<p> </p>

    Home ownership

     

    Get a peace of mind that comes with owning your own home

  • <p>Increase assets</p>

    Increase assets

    Invest in your home and add it to your list of properties owned.

  • <p>Value appreciation</p>

    Value appreciation

    You stand to gain from the increase in value of the property over time

  • <p>Mortgage relief</p>
<p> </p>

    Mortgage relief

     

    Enjoy a reduction of tax on your income while servicing the loan

Rates and fees

  1. Loan to value ratio - maximum of 90% of bill of quantities amount
  2. Interest rate – CBR + 4% p.a.
  3. Tenure – maximum of 25 years
  4. Negotiation fees - up to 1.5% of loan amount

Inernal costs

  • Negotiation fees

External costs

  • Mortgage Protection Insurance (MPI)
  • Contractors All Risk Policy during construction
  • House Owners Comprehensive Insurance (HOCI) upon 100% completion
  • Valuation fees
  • Stage inspection fees
  • Stamp duty on charge
  • Legal fees
  • Search fees
  • Statutory payments (statutory approvals for architectural and structural drawings, land rates, rent and all taxes)
  • Technical consultants fees

Interested in Residential Construction Mortgage or have a question?

Similar products you might be interested in

Forex
  • USD: Buying: 104.25 , Selling: 115.75
  • EURO: Buying: 126.40 , Selling: 141.60
  • Sterling Pound: Buying: 147.00 , Selling: 163.45
  • Canadian Dollar: Buying: 81.88 , Selling: 93.08
  • Australian Dollar: Buying: 81.22 , Selling: 93.08
  • Swiss Franc: Buying: 113.67 , Selling: 126.46
  • Japanese Yen: Buying: 0.9238 , Selling: 1.0838
  • Swedish Kroner: Buying: 10.7325 , Selling: 16.1330
  • Norwegian Kroner: Buying: 11.535 , Selling: 14.990
  • Danish Kroner: Buying: 17.160 , Selling: 19.230
  • Indian Rupee: Buying: 1.4695 , Selling: 1.6870
  • Tanzanian Shillings: Buying: 0.04276 , Selling: 0.05314
  • Uganda Shillings: Buying: 0.02519 , Selling: 0.03539
  • SA Rand: Buying: 5.8290 , Selling: 9.4690
  • Chinese Yuan: Buying: 15.960 , Selling: 18.780
  • UAE Dirham: Buying: 28.2160 , Selling: 32.3300
  • : Buying: , Selling:
  • USD: Buying: 104.25 , Selling: 115.75