Flexible mortgages are among some of the new mortgage packages that have been created to cater for the modern day mortgage market. The days of a strait jacket approach to mortgage repayments and products are long gone.
Traditionally, it is the salaried employees in the formal sector who have had access to mortgage finance. The premise is that for an economy to grow, the informal sector should occupy a central location not only in the minds of economists but also of financial services providers.