Barclays signs mortgage finance deal with Centum’s Real Estate arm

Barclays signs mortgage finance deal with Centum’s Real Estate arm

Barclays Bank of Kenya has announced a partnership with the real estate arm of Centum Investment Company to finance buyers of the houses currently under development.

The agreement will see Barclays financing residential units – both off plan and established – developed by Centum Real Estate in Nairobi and the Coast of Kenya.

Units to be financed under this collaboration which includes those situated in Kilifi County along the Mombasa Malindi Highway namely Palm Ridge Estate and Awali Estate both under Vipingo Development Limited. Others are residential units located at Two Rivers Development christened, The Riverbank Apartments.

Barclays will provide up to 100% financing for properties below KES 10 million and up to 90% financing for properties above KES 10 million.

“We understand just how difficult it is for many people to own a home, despite this being a dream for most Kenyans. It is our desire to help all our customers achieve their ambitions in the right way,” noted Barclays Bank’s director of Retail and Business Banking, David Hardisty.

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