Mortgage from Cooperative Bank

DIASPORA

Good Home Mortgage is your right partner for best fit mortgage solutions to employed and self-employed persons living overseas.

BENEFITS OF A GOOD HOME MORTGAGE

Access to a wide array of mortgage products including purchase, construction, renovation and equity release financing solutions.
Multi – currency mortgages available in KES, USD, GBP & EUR.
Higher financing percentages to enable you to construct or purchase your dream residential or commercial property with ease.
Access to a Dedicated Relationship Manager to walk you through the process from mortgage application to property purchase or construction.
Efficient processing of your application.
You can make joint applications for spouses, parents and/ or children.
End to end real estate solutions including project financing and end buyer financing.

TYPES OF MORTGAGE FINANCING AVAILABLE (For rural and urban property investments)

Plot Purchase: For buying plots of land in rural and urban areas countrywide.
Plot Purchase and Build: For buying land and construction of residential homes; commercial or commercial-cum-residential investment property.
Construction: For building you dream home and/or commercial property
Developed Property Purchase: For acquiring your desired residential home; commercial or commercial-cum-residential investment property.
Renovation: For refurbishing and revamping your house features.
Equity Release: Take up a mortgage by using property you already own as security e.g. your home or a commercial property.

CONSTRUCTION FINANCE REQUIREMENTS

Approved Architectural and Structural Drawings (should not be more than 2 years old).
Priced Bill of Quantities or Bills of Quantities for outstanding works where project is complete from a registered quantity surveyor.
NCA Compliance Certificate for the project.
Clean Land Title Documents in the developer’s name.
Change of User where applicable.
Evidence that land rates and rent have been paid up-to-date.
Profiles /CVs of Architect, Quantity Surveyor, Structural Engineer, Contractor including their current registration certificates and practicing licenses.
Service contracts with the professionals (as will be advised). Note: for equity release, documentation related to the purpose may be requested.

AFFORDABLE HOUSING (KMRC FINANCING) FOR PROPERTIES OCCUPIED BY FAMILY MEMBERS

Currency	Kenya Shillings Only
Interest Rate	9.5% Per Annum
Maximum Loan Amount	KES 10.5 Million
Maximum Loan Period	15 Years
Security Margins	• Up to 100% financing for the property under purchase • Up to 90% financing for property under construction or buy and build

MORTGAGE LOAN TERMS FOR RENTAL/COMMERCIAL PURPOSE

Loan Type	Maximum Tenor & Security Margins
Developed Property Acquisition	Up to 15 years; up to 80% financing
Land Acquisition	Up to 7 years; up to 80% financing
Construction	Up to 15 years; up to 80% financing
Equity Release	Up to 15 years; up to 90% financing

For more information and to apply for a mortgage:

Call: +254 703 027 000 | WhatsApp: 0736 669 101
Email: diasporabanking@co-opbank.co.ke
Website: https://diaspora.co-opbank.co.ke/loan/mortgage
Socials: LinkedIn: Co-operative Bank of Kenya | Twitter: coopbankenya | Facebook: Coopbank Kenya
IG: Coopbankenya | Tiktok: coopbank_kenya

Mortgage