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
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What happens to my mortgage repayments if I should be retrenched?

With the difficult economic times it is not surprising to be retrenched 2-3 times in your career. However, this should not stop you from owning a home. At TMC we have recently made innovations in our work with some insurance companies to develop a retrenchment cover that pays your mortgage for up to 9 months to allow you to either get another source of income or to make an informed decision about the next steps on your home.

The retrenchment cover sees to it that the most important asset of your life and the symbol of security is not pulled from under your feet just because you have lost your job.

In addition, lenders have over time become more approachable and will want to understand what your circumstances are and help you reschedule your loan before repossession of the home.

If you wish to find out more about this, let our mortgage specialists take you through and advise you on what you can do to protect yourself.

 

 

 
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Did you know

Can I have a Mortgage for a second home?

What the experts say

TRUE, Often referred to as Buy to let, the Investment Property is often a second home for landlords who are buying a property to let out to tenants.

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