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

Similar products you might be interested in

Forex
  • USD: Buying: 103.95 , Selling: 115.40
  • EURO: Buying: 127.65 , Selling: 142.90
  • Sterling Pound: Buying: 140.85 , Selling: 156.95
  • Canadian Dollar: Buying: 80.48 , Selling: 91.63
  • Australian Dollar: Buying: 79.22 , Selling: 90.80
  • Swiss Franc: Buying: 117.02 , Selling: 130.01
  • Japanese Yen: Buying: 0.9471 , Selling: 1.1092
  • Swedish Kroner: Buying: 10.8615 , Selling: 16.2620
  • Norwegian Kroner: Buying: 11.45 , Selling: 14.905
  • Danish Kroner: Buying: 17.325 , Selling: 19.395
  • Indian Rupee: Buying: 1.449 , Selling: 1.665
  • Tanzanian Shillings: Buying: 0.04261 , Selling: 0.05299
  • Uganda Shillings: Buying: 0.02486 , Selling: 0.035061
  • SA Rand: Buying: 5.5380 , Selling: 9.1805
  • Chinese Yuan: Buying: 15.895 , Selling: 18.710
  • UAE Dirham: Buying: 28.1210 , Selling: 32.2350
Special Scheme Residential Mortgage