Skip to main content

Posts

Showing posts from April 25, 2021

Home Ownership through Mortgages Set To Receive Boost under New Regulations

  By Business Daily Financial institutions like commercial banks will be required to immediately give up the full rights to individual apartment buyers when they finish paying up their mortgages or loans under new regulations aimed at boosting homeownership. This is opposed to the past where buyers purchasing property on loan under a mortgage scheme could only get a partial discharge from a financial institution upon completion of payment of the loan. The ministry is now collecting public views on the draft Sectional Properties Regulations 2021, which outline the issuance of title documents for individual houses on multi-storeyed buildings paving the way for the gazettement of the rules. Find Property in Uasin Gishu County Baoriat Agencies Call: +254 721-554-937 The new law will empower individual housing units owner(s) to utilize their properties as they wish without jeopardizing the interests of other units’ owners. This will allow the sale of property and the use of the sect

7 Things You Must Establish Before Buying Land

  It is no longer a secret that land buying and selling business in Kenya is full of conmen and cartels – or whatever name you want to call them. Always often or not, you will hear people complaining that they have been conned, or cases of people lamenting how they paid for a non-existent piece of land. As much as conmanship is there, and you’re likely to encounter such people out to take advantage of others, there are some basic things you can do to help reduce the risk of losing your hard-earned money/savings to cons. Here are 7 things you must establish before buying land – in any part of Kenya; -       Always be sure that the land you’re about to buy actually exists. This is by making a physical visit to where it is. Never be satisfied with photos. -       Find out what is planted in the land – especially if you’re looking for agricultural land. -       Be sure to positively know that the person selling you land is the real owner. To know this, do a land search and also