This Four Part Knowledge Series on Mortgages is based on a recent Twitter Mortgage Thread. You can comment on it and interact with me in Real Time Here. Part A. Unsustainability of a Mortgage: a) Unreasonable Terms: Under our interest rates regime and volatile market, the question, “Should i take a mortgage?”, “Is up there with, […]
By definition, a verb is an action word. It brings the sense of unfolding series of steps. I would like to borrow this language and relate it to housing. All the conversation around home ownership has primarily been around buying a fixed product. A House (A Noun). With no action expected on the part of the […]
According to a recent survey by Kenya Bankers Association, those who could afford a mortgage are only 2.4% of the total population and 11% of the urban population. This is the case with an average mortgage loan size of Ksh.4.0million. What does the law day about self-build? The National Construction Authority Act 2011 provides in […]