Diaspora Mortgages
With a finacing of up to 90% with a maximum repayment period of 15 years, the Diaspora Community can now access this mortgage facility world-wide.
The Requirements for Kenyans Living Abroad are :-
| |
LTV
|
Term
|
|
Residential own occupation/Construction
|
90%
|
15 years
|
|
Income generating-Rental units/Construction
|
80%
|
20 years
|
|
Plot Loan
|
75%
|
5 years
|
|
Commercial Buildings-office block
|
80%
|
10 years
|
Employed Persons
1. Loan application form duly filled
2. Certified latest 3 months pay-slips by a Notary Public
3. Certified Letter from employer confirming employment status by Notary Public
4. Certified Bank statements for the latest 6 months by a Notary Public
5. Copy of ID or passport/PIN certificate
6. Appointment of Power of Attorney with Specific powers
7. Two passport size photographs
8. Sale agreement/letter of offer from the seller
9. Copy of title to property.
For Construction Loans.
1. Approved building plans
2. Approved structural drawings
3. Bills of quantities
4. Profiles of Architect, structural Engineer, Quantity Surveyor, Project Manager and contractor clearly showing successful works done in the last years
Closing Costs.
1. Stamp duty (4% of property value)
2. Legal fees
3. Valuation fees
4. Appraisal fees 1% of loan amount
1. Individual/Joint Mortgage Application Form
( Download PDF Form)
2. Limited Companies Mortgage Application Form
(Download PDF Form)
