The Mortgage facility is offered to FDH Bank Customers to enable them purchase existing properties in designated areas. The maximum repayment period is 10 years and facilities are mainly secured by the property purchased through legal charges, although other forms such as cash and treasury bills are acceptable. Some of the preconditions to accessing the facilities and facility terms are:
  • Property to be in designated areas acceptable to the Bank.
  • Clean search report from lands department.
  • Up to date property valuation report by reputable valuers of the Bank’s choice.
  • Provision of original title documents for the property being financed.
  • Malawi Revenue Authority tax clearance certificate.
  • City/Ground rates clearance certificate.
  • Comprehensive insurance for the property.
  • Finance shall be up to a maximum of 80% of the current market value of the property i.e. client will contribute 20% of the facility.
  • Client must have an account opened with FDH Bank for at least 3 months.
  • Client shall meet all fees: legal arrangement fees, disbursement fees /drawdown fees etc.

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