BuyRentKenya

On 13 August, the High Court temporarily suspended a requirement under Section 44 of the Banking Act that requires banks to get approval from the National Treasury before increasing interest rates on loans. In simple terms, banks currently have more room to adjust loan rates without first going to the Treasury for approval. Whether your rate can change will still depend on...

The Kenya Revenue Authority (KRA) is now stepping up enforcement against those who haven’t paid what they owe. Since its introduction, the levy has also raised plenty of questions about how it works, how the money is being used and what it means for people hoping to access affordable housing. If you’re an employee and your levy is already being deducted from your salary, t...

The topic on the Housing Levy has remained a hot one since the beginning of last year, dominating conversations across Kenya. As part of one of his agenda, H.E., President William Ruto announced his proposal of the housing levy where every employed Kenyan would be mandated to contribute 1.5% of their monthly salary. READ ALSO: Understanding the National Housing Developme...

Not too long ago, white walls and grey sofas were the in thing. Walk into one house, and there was a good chance the next one would look almost exactly the same. Clean lines, neutral colours, minimal décor and that very polished, put-together look. Don’t get me wrong, there’s absolutely nothing wrong with grey sofas and white walls. Some people still love that look, and it...

You have some savings, but not enough to buy it outright, so you decide to take a mortgage. Interest isn’t the only thing you need to budget for. Buying a home can come with other costs such as valuation, legal fees, insurance, stamp duty and applicable bank charges. A mortgage can make buying a home possible without having the full purchase price sitting in your bank acco...