NCBA, TATU CITY ENTER INTO MORTGAGE FINANCING DEAL

NCBA, TATU CITY ENTER INTO MORTGAGE FINANCING DEAL

By Douglas Muriithi

NCBA partnered with Tatu City to enable

aspiring home owners access mortgages at the

Kiambu County-based Special Economic Zone

development.

Under the deal, NCBA will provide a suite of

options to prospective homeowners including

plot purchase, construction financing, buy and

build loans, equity release and closing costs.

Mortgages are available to both salaried and

non-salaried customers of Tatu City where

salaried buyers will enjoy payment terms up to

retirement age while non-salaried customers

will have terms up to the age of 65. Buy and

Build financing is available up to 100%. This

facility enables customers buy a piece of land

and construct simultaneously. For customers

who already own a piece of land, our

construction solution will go a long way in

actualizing their dreams.

NCBA Head of Property Finance, Stella Mutai

said; “Owning a home has never been easier,

this partnership has been designed to enable

home buyers realise their dream of living and

working at Tatu City without the strain of

upfront costs.”

On her part, Tatu City head of residential sales

Beatrice Njeri said; “At Tatu City, we believe that

accessible home ownership is the right of every

citizen,”

“Tatu City’s ability to offer aspiring homeowners

innovative mortgage products from NCBA

underscores our commitment to providing

homes for all income groups.” Njeri added.

Tatu City home and business owners enjoy

amenities such as Nova Pioneer school and

Crawford International school. Further,

businesses at Tatu City enjoy Special Economic

Zone status, such as reduced corporate taxes

and zero-rated VAT in the city.