- Category: Mortgage Financing
Financing Mortgage Pre-Approval Mortgage Interest Rate
Prittworld Properties & Mortgages Limited has a fully fledged department dealing with Mortgage Brokerage.
The functions of the Mortgage Brokerage unit are to source for the clients the most suitable mortgage or construction financing to acquire or develop homes or construction projects as well as for the acquisition of land properties.
Prittworld Properties & Mortgages Limited is not a bank but a sincere partner in ensuring that you get the best deal in the market which suits your cashflow programme without a stress.
The functions of our Mortgage Brokerage unit:
1) Financial structuring: This is the process of reviewing your financial prowess inorder to determine on the repayment levels;
2) Financial advisory services: This involves a one-on-one discussion in financial & investment discussions;
3) Technical advisory services: This involves proving technical insights on the intendeddevelopment in regard to the main specifics or development goals of the intended development;
4) Marketing advisory services: If for sale or rental, we advise on the required developments specifics which will need to be considered to make the development attractive to the market and achieve a high sales turnover at the minimum possible period or a high occupancy levels;
5) Documentation: We process the required loan documentations for our clients;
6) Negotiations: We arrange for the most affordable terms for our clients;
7) Process advocates: We usually walk the process with our clients till the end.
Prittworld Properties & Mortgages Limited will arrange financing on behalf of its customers wishing to carry out the following transactions:
- Home acquisition;
- Construction for own home-(Nyumba Smart Home Product);
- Construction financing for sale or for rental;
- Purchase of land;
- Merged transaction for acquisition of land & building as one product;
|Home Acquisition Loan/Finance||
Construction for own home
(Nyumba Smart product)
or “For sale”
Processes and Procedures
Upon the receipt of an application,the relationship officer will guide you on the relevant documents and steps including signing of the offer letter detailing the scope of engagement and the terms and conditions specific to the nature of the transaction.
For the mortgage acquisition, we have the most suitable financing package in the market. Also, we can assure to have arranged a suitable mortgage within a period of 2-3 weeks. Our turnaround time is amazing. We are experts in the field.
For the Nyumba Smart application, upon signing of the mortgage application form, we do take you on the following simple steps:
Step 1 :
We access your financial ability so as to determine on the maximum mortgage obligation;
Step 2 :
After assessing on the mortgage, you are then required to select on the housing prototype of your choice i.e. either you need to build a Massionettes or a bungalow;
Step 3 :
An architect is assigned to you, we have an in-house technical team which carries designing and costing on behalf of our customers, this helps in reducing the overall pre-implementation costs as well as improving on delivery speed;
Step 4 :
After settling on the prototype, the architect will take you through the selection of the interior finishes of your choice-This is in line with our mandate of helping our customers realize of their investment dreams;
Step 5 :
Site visit- We do conduct site visit so that the architect and the technical team can align your preferred development with the site specific. Also, this enables the Quantity Surveyor in arriving at the Bills of Quantities;
Step 6 :
We lodge the drawings for approval on behalf of our customers and as well we lodge the financial documents with our financiers for loan processing;
Step 7 :
We carry out the site handover to our pre-qualified competent contractors while we carry out the project management on your behalf;
Step 8 :
We provide weekly and monthly progress reports to the financier and to the owner during the implementation cycle until the house is fully complete and ready for occupation;
Step 9 :
We apply for water and electricity on your behalf.
Step 10 :
Landscaping & ready for occupation. We give you the keys to your new home to start living. You start paying the principal loan amount after your house is complete and after issuing you with the occupation certificate and keys to your new palace
Quality of our service delivery
Prittworld Properties & Mortgages Limited is the premier real estate development & mortgage finance arrangement firm in Kenya.
Our level of experience in the mortgage market is a guarantee that your mortgage application will definitely achieve a positive approval from the bank.
Our success rate in funding approval and construction financing is 100%
Mortgage Arrangement fee
We usually charge a modest fee inform of commission dependent on the nature of the transaction