×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

What home buyers must know before getting a mortgage

Vocalize Pre-Player Loader

Audio By Vocalize

One of the biggest concerns you may have about a mortgage is the fear of taking long repayments as opposed to taking an unsecured loan. [iStockphoto]

Recent research by The Kenya Institute for Public Policy Research and Analysis (Kippra) showed that the majority of individuals who own homes in Nairobi acquired the properties in cash, revealing the gap that exists in access to affordable financing for home loans.

Experts reckon that many people fear mortgages because they are often perceived as a product for the well-off.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sports
What Kenya could gain for hosting the 2029 World Athletics Championships
By Ben Ahenda 16 hrs ago
Sports
Kenyan youngsters set for 12-Goal tournament
Sports
Historic World Championships hosting continues to excite athletics fraternity
Sports
The world has been running on Kenyan legs and in 2029 it comes home to pay