Special Scheme Residential Mortgage

Are you salaried and working with Government, parastatals or a corporate company which provides you with housing benefits? Take advantage of this scheme which enables you to construct your own home or purchase one off-plan or complete.

Why choose Special Scheme Residential 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

  • Loan to value ratio - Up to 100% (subject to MOU terms)
  • Interest rate - negotiated rate
  • Tenure – maximum of 25 years
  • Negotiation fees – negotiated

Internal costs

  • Negotiation fees

External costs

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

Interested in Special Scheme Residential Mortgage or have a question?

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Forex
  • USD: Buying: 104.65 , Selling: 118.75
  • EURO: Buying: 118.65 , Selling: 137.15
  • Sterling Pound: Buying: 139.90 , Selling: 161.61
  • Canadian Dollar: Buying: 80.72 , Selling: 92.82
  • Australian Dollar: Buying: 73.52 , Selling: 85.68
  • Swiss Franc: Buying: 110.01 , Selling: 125.60
  • Japanese Yen: Buying: 0.8766 , Selling: 1.0317
  • Swedish Kroner: Buying: 9.212 , Selling: 15.736
  • Norwegian Kroner: Buying: 9.628 , Selling: 15.480
  • Danish Kroner: Buying: 14.342 , Selling: 18.582
  • Indian Rupee: Buying: 1.2426 , Selling: 1.7796
  • Tanzanian Shillings: Buying: 0.04335 , Selling: 0.05462
  • Uganda Shillings: Buying: 0.02648 , Selling: 0.03768
  • SA Rand: Buying: 5.2746 , Selling: 9.5225
  • Chinese Yuan: Buying: 16.025 , Selling: 18.845
  • UAE Dirham: Buying: 28.432 , Selling: 32.496
  • RWF: Buying: 0.0976 , Selling: 0.1609