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Procedures before a bank decides to Auction a Property in Kenya

WHAT HAPPENS BEFORE A BANK DECIDES TO AUCTION A PROPERTY IN KENYA? When a borrower of a secured loan defaults in honouring the loan repayments, the banks discuss the issue with them and they can be given a chance to adjust the repayments to lower amounts and the period extended. Banks sometimes give the borrower up to three chances depending on bank policies and the relationship with their...

La Fortuna Attentive: Découvrez le Casino Qui Accepte Cashlib Pour des Moments de Jeu Intenses et Victorieux

La Fortuna Attentive: Découvrez le Casino Qui Accepte Cashlib Pour des Moments de Jeu Intenses et Victorieux En plus de la diversité de jeux offerts, les casinos en ligne comme Wild Jackpots Casino offrent également des fonctionnalités pratiques telles que des options de dépôt et de retrait rapides et sécurisées. Les joueurs peuvent profiter de jeux de qualité supérieure grâce à des...

Affordable mortgages in Kenya

The affordable housing Sector in Kenya got a boost with the establishment of Kenya Mortgage Refinance Company (KMRC). KMRC offers mortgages at low interest rates through some commercial banks and other financial institutions in Kenya. KMRC mortgages are extended to individuals earning a monthly income of Ksh 200,000 and below. It’s other major condition is that, the mortgage being granted should be...

Stamp Duty on Buying Property in Kenya

Stamp Duty is a tax levied on legal instruments such as cheques, receipts, military commissions, marriage licenses, property and land transactions. It is a payable in different rates depending on the nature of the instrument. On real property, stamp duty rates in registries located in rural areas are 2% while those on urban areas are 4% of the property value. it constitutes the biggest amount of money...

Land owners to apply for new title deeds to replace those issued under past regimes

The ministry of Lands has embarked on a process of conversion of all parcels of land from the repealed statutes with a view to migrating to the new Land Registration Act 2012, meaning all land titles registered under the previous laws; Indian Transfer of Property Act of 1882, the Government Lands Act (Cap.280), the Registration of Titles Act (Cap.281), the Land Titles Act (Cap.282) and the Registered Land...

Canlı Casino Oyunlarında Yüksek RTP’li Oyunlar

Canlı Casino Oyunlarında Yüksek RTP’li Oyunlar Canlı casino oyunları, heyecan ve kazanma şansı arayanlar için cazip bir alternatif sunuyor. Ancak, oyunların kazanç oranları da bu deneyimi belirleyen önemli bir faktör. Yüksek RTP (Return to Player) oranına sahip oyunlar, oyunculara daha fazla kazanç potansiyeli sunarak, şans oyununda uzun vadeli bir avantaj sağlamaktadır. Bu makalede,...

Apartment buyers will now get title deeds after president Kenyatta approves the new law

Good news for Apartment buyers as the president approved the new law on sectional property ownership. Previously, if the mother title was not put under Caveat by the apartment owners, the developer could easily get a loan and the bank could auction the entire property putting their investments at great risk, as it has happened in recent times. With the new law, there is a title deed for each...

Costs Involved When Buying Property in Kenya

The right time to buy a property largely depends on individual's available disposable income. However, it makes it easy if one takes a mortgage so as to spread the burden over a period of time, which most people prefer instead of depending on savings which may take longer before meeting the required amount. There are a number of costs that one need to pay on top of the deposit commitment. These costs...

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