Mortgages date back to ancient Rome, where properties were used as collateral, similar to modern loans.
Buying a home is one of the biggest financial decisions you’ll ever make. It’s exciting, but it can also be overwhelming. Between securing a mortgage, finding the right location, and negotiating a fair price, the process is filled with complexities.
Kenyan banks are facing a significant challenge as the Ethics and Anti-Corruption Commission (EACC) ramps up efforts to reclaim public properties that were illegally acquired and later used as collateral for loans. This situation is placing financial institutions at risk
Our staff writer examines a persistent issue in Kenya’s mortgage industry— concentration of mortgage valuers in Nairobi at the expense of other major towns. Adding to this challenge is the concern that some valuation firms operate satellite offices staffed by
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Key Considerations When Selecting a Contractor for a Bank-Financed Construction Loan
When taking out a construction mortgage loan from a bank in Kenya, selecting the right contractor is crucial for ensuring the project progresses smoothly and remains within budget. Some banks provide a panel of approved contractors, while others allow borrowers