×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

Are pension-backed mortgages a flop?

BY JACKSON OKOTH

Plan to get a mortgage by simply using part of one’s accumulated retirement savings as collateral against a home ownership loan does not appear to be working. This can be seen by the low reception pension-backed mortgages have received in the market severely starved of viable options when acquiring a house.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in