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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
What is the best option; to build or to buy?

Depending on your individual circumstances and experience, both options are possible. Each option comes with its own individual costs and benefits:

How much will my loan cost?

Now that you have found the home of your dreams, it is critical to do a quick check on how much it will cost (insert mortgage repayment calculator). This will give you a sense of how much the principal loan will cost. There are also other costs associated with taking a mortgage:

Valuation of the property will be done by the lender

When taking a mortgage, how much can I borrow?

(Mortgage calculator)
The mortgage repayments will probably be the largest amount in your payslip and it is therefore critical that you do not take a mortgage that will cripple you in meeting your regular financial commitments. Although different mortgage providers consider different income percentages, the rule of thumb is that your mortgage repayment should not exceed 40-60% of your net income

What do I do after I have chosen my home?

Once you have visited several properties and have identified one that meets your needs, the work to actually own it begins:

Communication of intent to buy: let the agent or developer know that you would like to purchase the property.  The agent will give you an offer letter mostly valid for 7 days.

How do I know that I have chosen the right home?

Buying a home is one of the most important and lasting decisions you make in your life. We at TMC understand this and we are passionate about supporting you through this entire process. From our experience and knowledge of the market, we can assist you in choosing a home that is right for you or connect you to the right agent for your needs. Our Home Bulletin also has a list of available properties that we have viewed and are sold by credible developers and agents.

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Did you know

Self-employed people can’t get mortgages

What the experts say

False. The credit crunch has certainly made it harder for the self-employed to get mortgages but it’s not impossible. These days all Mortgage Applicants need to prove their income and for the self-employed this means providing accounts going back a few years. Those that are newly self-employed who don’t have accounts may struggle to find a decent mortgage deal.

Talk to us

First time buyers promise

  • Learn about mortgages
  • Guide you through the process
  • Help you on get on the property ladder

Speak to our friendly experts
Call +254 729 933955