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: 131.75 , Selling: 143.45
  • EURO: Buying: 139.80 , Selling: 161.45
  • GBP: Buying: 160.50 , Selling: 180.91
  • Canadian Dollar: Buying: 93.72 , Selling: 112.42
  • Australian Dollar: Buying: 82.62 , Selling: 99.03
  • Swiss Franc: Buying: 143.51 , Selling: 165.70
  • Japanese Yen: Buying: 0.8795 , Selling: 1.0916
  • Swedish Kroner: Buying: 9.468 , Selling: 16.0423
  • Norwegian Kroner: Buying: 9.5430 , Selling: 15.3903
  • Danish Kroner: Buying: 17.0415 , Selling: 21.2774
  • Indian Rupee: Buying: 1.4206 , Selling: 1.9701
  • Tanzanian Shillings: Buying: 0.0539 , Selling: 0.0652
  • Uganda Shillings: Buying: 0.0323 , Selling: 0.0436
  • SA Rand: Buying: 4.98 , Selling: 9.22
  • Chinese Yuan: Buying: 18.4300 , Selling: 21.4300
  • UAE Dirham: Buying: 34.0089 , Selling: 41.0759
  • RWF: Buying: 0.1086 , Selling: 0.1927