Frontpage Slideshow | Copyright © 2006-2010 JoomlaWorks, a business unit of Nuevvo Webware Ltd.
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
WATCH TMC VIDEO
Home Buyers

Buying a home is one of the greatest achievements of your life! Congratulations on making the bold step into financial freedom… no matter your stage in life whether you are a young single forward looking individual, newly married looking for the beautiful home to start your life together, a family looking to upgrade your home to cater for your larger family or even looking to upgrade your home to one that affords you more space…and yes, even if you are looking to retirement and looking for a lovely smaller home after the children have flown the nest, it is always a major investment that requires a partner who understands your needs and makes the process simple and easy for you…TMC offer to hold your hand through the process.

TMC will help you identify a home of choice given your circumstances and within your budget and helps in the process of getting you that home. If you need a mortgage, we are at hand to get you the best deal in the market and hold your hand as you make the decision on the best financing partner. As mortgage brokers, we have a full view of the market offering and we ensure that you not only get the best interest rates but also undertake the entire mortgage process on your behalf leaving you to enjoy your experience of owning a home stress free!

TMC partners with many developers and therefore we have a great insight into available properties and are able to advise you on where to get the best value for your money. From time to time, we do have special offers from developers which you can take advantage of to own the home of your dreams at a great price!

First Time Developer

The first foray into property development can indeed be a daunting undertaking. All the processes involved in getting financing and other statutory requirements take a lot of time and energy and soon your drive to get the project done can flag and die altogether.  We understand this and our experienced team will hold your hand towards making sure that your project is successful.

We offer advice on structuring your transactions focusing on critical success factors from conceptualization to implementation enabling you to act as an expert from your very first project! .. Read More

Refinancing/ Equity Release

One of the beautiful things about investments in real estate is that they serve your now and provide you with an asset that will support your needs in the future. Once you have invested in a property and made significant payments into your mortgage, you can take advantage of the capital gains in your property to get financing to meet other needs!

Whether you want purchase another property

Invest in your business

Pay for college education

Or even go on holiday

Read More

 
More Articles :

» 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...

» 3 facts about Experienced Developers

A good location doesn't mean the best area in town when you are a developer. If you buy in the centre of the best area then you are going to pay the highest price and that doesn't leave you any room to make a profit. Some of the most successful...

» 3 facts about Commercial Developments

Options you have for your commercial development finance include property refurbishment, property conversion, new building project and purchase of land.Financing options is provided depending on your worthiness, background, and possible outcome of...

» HOW CAN I REDUCE THE COST OF MY MORTGAGE?

One of the biggest questions in every home buyer’s mind right now is How long can I continue to meet my mortgage payments? Developers are wondering whether they should continue with the projects and whether they will have takers for their...

» Should I shop Around?

Should I shop Around?What the experts sayTRUE, Mortgages change constantly. The only variable that remains the same is financing, but rates, terms and conditions fluctuate. What was vogue years ago, might not hold true in today’s marketplace.

FacebookTwitterLinkedin

Did you know

CBK rate cuts spark real estate

back to life

  • Developers and sellers pushed up asking prices in Q3.
  • Early in the quarter, buying activity had dropped to 2-year lows.
  • September marked a sharp rise in enquiries, viewings and completions.
  • Town house sales, where asking prices rose by 1.2 per cent in the quarter, performed better in September.
  • But so did stand alone houses, where prices rose by 3.4 per cent.
  • However, apartment prices recorded the sharpest rise, at 3.6 per cent.
  • Asking rents also rose sharply, by 4.2 per cent for apartments.
  • Activity in the rentals market also dipped, with fewer viewings and closures, but the drop was more marginal.
  • The rentals market appeared to have been able to sustain the rent rises rolled out in the three months.

 

Index Highlights

With all eyes on tumbling mortgage rates in the third quarter, property asking prices jumped in the last three months on
hopes of renewed activity, reported HassConsult, as it unveiled its third quarter property indices and drew on new
“activity” indicators based on levels of real estate enquiries, viewings and completions.
In a further expansion of the consultancy's real estate data collection offering new insights into market reactions and
uptake, Hass reported that the rental market largely absorbed the price increases of the third quarter, while properties
for sale recovered from their lowest levels in two years driven by a renewed uptake of standalone houses during
September.
Overall, sales asking prices rose by 5.1 per cent, with the sharpest rise in apartments, up 3.6 per cent on the previous
quarter, followed by stand alone houses, up by 3.4 per cent. Price rises were more moderate for town houses, with sales
picking up sharply in September.
“We believe it is a correct analysis that as mortgages become more affordable and available, pent-up demand for
property buying will bring higher levels of sales activity. However, with property so fully priced in this market, sellers
seeking higher returns ahead of that surge in demand deterred some buyers in July and August rather than securing
greater revenues,” said Ms Sakina Hassanali, Head of Marketing and Research at HassConsult.
"September, however, saw a renewed appetite for buying, and comfort with the new price levels, offering relief for
developers, many of whom were becoming seriously stretched. The return to more normal levels of buying has come as a
return to life for the sector."
Meanwhile, in the rentals market, the overall rise in asking rents was 4.5 per cent in the third quarter, with the steepest
rise in apartment rents, up 4.2 per cent, followed by standalone houses, up 3.6 per cent. Town house asking rents also
rose 2.8 per cent over the previous three months.
With much of this re-pricing absorbed into the market, the returns for landlords recovered significantly across the
quarter, to a combined 13.81 per cent, across both rental yields and house price appreciation.
“The swelling in demand for rentals as those who would have been first-time buyers have stayed in the rental pool, even
as new entrants arrive, is fueling some continuing rent rises, although we do see signs of some slowing in viewing and
completions,” said Ms Hassanali.
“This rental correction was overdue for many landlords, after some years of stagnating rents, and is now closing the gap in
returns for mortgage-financed landlords that appeared after the mortgage rate rises.”


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 3.83 times since 2001, a 3.4% rise in the last quarter and a 7.3% rise in the last year. The average price for a stand alone house is currently 33.7 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 1.2% rise in the last quarter and a 7.2% 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 2.33 times since 2001, a 3.6% rise in the last quarter and an 6.0% rise in the last year. The average price for an apartment is currently 12.1 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 2.85 times since 2001, a 3.6% rise in the last quarter and a 12.8 rise in the last year. The average rental for a stand alone house is currently Kshs. 162,082 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 2.39 times since 2001, a 2.8% rise in the last quarter and a 9.1% rise in the last year. The average rental for a town house is currently Kshs. 102,048 up from Kshs. 42,688 in December 2000.

SNAP SHOTS:

  • Apartments include apartments, duplexes and triplexes.
  • Rental values for apartments have increased by 2.88 times since 2001, 4.2% rise in the last quarter and aa 15.0% rise in the last year. The average rent for an apartment is currently Kshs. 66,987 up from Kshs. 21,638 in December 2000.
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
Click tmcafrica.com