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The Mortgage Company,
The Greenhouse, 2nd Floor
Adams Arcade, Ngong Road
P.O. Box 29310-00100, Nairobi

Tel: +254 729 933955, +254 737 933955
Email: info@tmcafrica.com
www.tmcafrica.com
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ABOUT US

housingThe Mortgage Company is the premier independent Mortgage Brokerage firm in the East African region. Borne out of a desire to open up property ownership in the African continent, The Mortgage Company aspires to develop the market and radically open up the mortgage sector.  With prior accumulated experience spanning over 25 years working with the banking and mortgage industry, the company provides a unique skill of appreciating the banking position whilst representing the interests of the customer.  As an independent player in the mortgage industry TMC’s loyalty lies with the customer and is committed to ensuring that the customer gets the best and most straightforward deal while acquiring property.

Our passion to revolutionalize the mortgage industry in the region and our partners in the financial and construction sectors, make us an integral part in unlocking the great African potential.

housingThe continued growth in the property industry and increased sophistication has made it necessary for interested players to make competent and prudent decisions.  Principally, real estate decisions take time to make and involve large capital outlays. Consequently any chance to avoid or minimize risk or errors translates into a saving both monetarily and time wise.  With this environment, making a decision in property investments can be daunting and seeking an independent helper who can navigate the financial sector with ease is not only practical but highly advisable.

housingThe Mortgage Company is the first independent mortgage brokerage firm in the East African region.  Driven by a passion to open up property ownership in the African continent, TMC is working with key players in the financial sector to simplify the process of obtaining mortgage or construction finance.  As an independent player in the housing and construction sector, TMC’s loyalties lie with the customer in a bid to ensure that the customer gets the best financing deal.

The founding team at TMC has over 25 years combined experience in the banking and mortgage sectors; a rare factor that then provides a unique ability to appreciate the requirements of lending institutions whilst fully representing customer’s needs as well. TMC’s vision carrier, has a strong heritage in the Mortgage sector having transformed S&L Kenya Limited to become the top Mortgage Business in East Africa. She has been instrumental to the popularisation of mortgages in the region. It is while there that it became apparent that the vision to develop the industry would have to be championed by an independent player. This became the drive behind formation of TMC.

Our value proposition is to work with many of the respected market players and make it our business to negotiate the best deal for the customer according to the customer’s requirements and abilities.

Our Vision

To open up property ownership to the African continent through revolutionizing the Housing Value Chain

Our Promise

Our commitment lies in offering our customers the best solution available in the market and to make the process as easy and simple as possible.

 
More Articles :

» Speech by Caroline Kariuki,Managing director of Mortgage Company on mortgage report in kenya

Speech by Caroline Kariuki,Managing director of Mortgage Company on mortgage report in kenya Caroline Kariuki, Managing Director,The Mortgage Company Thank you, Farhana, Ladies, Gentlemen, and members of the press, for your time and interest today...

» Mortgage broker forays into Kenya

An independent mortgage brokerage firm has entered Kenya’s mortgage market with a view to deepening property ownership and mortgage uptake in the country. The Mortgage Company (TMC Africa), the first mortgage broker in East Africa, hopes to...

» WHAT DOES THE FUTURE HOLD FOR THE KENYAN MORTGAGE MARKET?

If someone posed the question 6 months ago, everything looked like Kenya was the best place in the world to invest in the real estate sector… the Central Bank of Kenya had opened up the mortgage market to the entire banking sector allowing all the...

» THE MORTGAGE COMPANY

The Mortgage Company is the premier independent Mortgage Brokerage firm in the East African region. Borne out of a desire to open up property ownership in the African continent, The Mortgage Company aspires to develop the market and radically open...

» PARTNERS

TMC PARTNERS TMC believes in empowering its partners in a bid to ensure that we reward those who support our business. Through making business referrals to us, we give you the opportunity to develop your own business as well as create new income...

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Did you know

Housing market activity rebounds on CBK rate cuts

back to life

  • Rent price rises in quarter four 2012 far greater than sales price rises
  • Asking rents rose by 4.1 per cent in the final quarter of 2012, over the previous quarter, with steepest rises at top of the market for standalone properties
  • Asking sales prices rose by 1.7 per cent, much more slowly than in the third quarter of 2012
  • Both renting and sales activity rose sharply, however, after a profound drop in the middle of last year, with viewings by purchasers rising to levels approaching the first half of 2011, before the interest rate hikes

 

Annual Index Highlights:

HassConsult today unveiled the Hass Property Index results for the final quarter of 2012, showing a sharp upswing in viewing and enquiries, but still relatively flat sales pricing - although rental prices continued to rise steeply across all segments of the market.

“The sensitivity of buyers to interest rates, even in a largely unmortgaged market, has shown up very sharply in sales activity and pricing in the last 18 months,” said Sakina Hassanali, Head of Research and Marketing at HassConsult. “With rates slashed, enquiries returned to much the same levels of early 2011.”

However, sales prices are taking somewhat longer to gain momentum. Pushes for higher sales prices in quarter three achieved little real gains, seeing asking prices remain largely static in the final quarter.

But asking prices for rentals continued to climb strongly. With asking rents rising by an overall 4.1 per cent, the biggest rises came at the top of the market, where rents for standalone properties rose by 5.2 per cent on the previous three months, making for a 17. 2 per cent increase from January to December 2012.

“The upwards correction in rents, as buyers have held off for better financing terms, has been particularly strong after the relatively flat rentals market in the preceding two years, and may yet take some months to level out,” said Ms Hassanali.

Even the previously stagnant apartment rental market recorded further rises in asking prices, up 2.1 per cent on quarter 3 and 15 per cent on the final quarter of 2012.

“Overall, the picture is of a market returning to buoyancy,” she said.

“Rental yields are now stronger, following the year of rental rises, and financing is moving into a steadily more affordable range. This combination augurs well for a strong year in real estate in 2013, based on financial fundamentals and despite all the uncertainty that comes with an election year.”


For more information, please contact:
Sakina Hassanali - Head of Marketing & Research
HassConsult Ltd
ABC Place, Westlands
Tel: +254 020 4446914

 

 

SNAP SHOTS:

  • Stand Alone houses include houses, bungalows, cottages and villas either on their own plot or in a gated community.
  • Property values for stand alone houses have increased by 3.92 times since 2001, a 2.3% rise in the last quarter and a 11.7% rise in the last year. The average price for a stand alone house is currently 34.5 million up from 8.8 million in December 2000.

 

SNAP SHOTS:

  • Town houses include townhouses and maisonettes that are semi-detached or terraced.
  • Property values for town houses have increased by 2.95 times since 2001, a 0.1% rise in the last quarter and a 6.4% rise in the last year. The average price for a town house is currently 19.3 million up from 6.5 million in December 2000.

 

SNAP SHOTS:

  • Apartments include apartments, duplexes and triplexes.
  • Property values for apartments have increased by 2.35 times since 2001, a 1.1% rise in the last quarter and an 5.7% rise in the last year. The average price for an apartment is currently 12.2 million up from 5.2 million in December 2000.

 

SNAP SHOTS:

  • Stand Alone houses include houses, bungalows, cottages and villas either on their own plot or in a gated community.
  • Rental values for stand alone houses have increased by 2.99 times since 2001, a 5.2% rise in the last quarter and a 17.2%% rise in the last year. The average rental for a stand alone house is currently Kshs. 170,469 up from Kshs. 56,959 in December 2000.

SNAP SHOTS:

  • Town houses include townhouses and maisonettes that are semi-detached or terraced.
  • Rental values for town houses have increased by 2.48 times since 2001, a 4.0% rise in the last quarter and a 13.9% rise in the last year. The average rental for a town house is currently Kshs. 106,122 up from Kshs. 42,688 in December 2000.

SNAP SHOTS:

  • Apartments include apartments, duplexes and triplexes.
  • Rental values for apartments have increased by 2.94 times since 2001, 2.1% rise in the last quarter and a 15.0% rise in the last year. The average rent for an apartment is currently Kshs. 68,383 up from Kshs. 21,638 in December 2000.
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  • Work out your budget
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