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

Who’s to blame for low mortgage uptake?

A Central Bank of Kenya report singles out bank’s fixation with variable interest rates for blame, but experts argue volatile interest rates make it difficult for lending institutions to have fixed interest rates, writes FRANCIS AYIEKO

An attendant at a bank’s stall at the Kenya Homes Expo held last month was at pains to explain to a visitor why their mortgage interest rates were variable.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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