At Carlton Realtors, we our priority is to make our clients happy. We listen to our clients wants and needs to achieve the best outcome in every transaction and we strive to ensure that the home buying or selling process is fun, easy, and stress-free.
Having listened and received numerous inquiries from our clients in diaspora, on how they can safely get into the real estate market in Kenya and the possibilities of getting mortgage finance, we realised a gap that needs to be filled in the market decided to roll out diaspora services.
At Carlton Realtors, we realised that majority of our clients in diaspora expressed that buying a property outright can be challenging as its expensive and can be difficult to raise the money in full. After further assessment, we realised that these clients could pay the monthly mortgage fee only that assessing mortgage from the financial institutions in Kenya while living and working in diaspora has been challenging.
To address these challenge, Carlton Realtors set out to create a program partnering with key financial institutions to be able to meet the needs of these clients in diaspora.
Understand the loan application process.
What we need from you for your home loan application
While getting conditional approval from us online is a useful exercise, it does not guarantee you will get a home loan. When you are ready to formally apply, we will ask you several questions and ask for supporting documents before you get the go-ahead. You may also be required to get an account with certain financial institutions we partner with and are in our panel of lenders for a certain period to satisfy lenders’ criteria.
We need to know that you are you. So, we will ask for one primary photographic form of ID (e.g., passport or driver licence), and one non-photographic form (e.g., birth certificate). We will also need one secondary document (e.g., recent utility bill).
2. What you earn
We will ask for details about your income so we can see if you will be able to meet your loan repayments (and a mortgage will not put you under undue stress).
If you are a wage or salary earner, we will need either a recent 3month bank statement or two of your last three-month payslips and a letter from your employer that outlines your employment details
• If you are self-employed, we will need your accountant’s details, and your last two years of financial statements and a recent notice of assessment from your respective tax office depending on the country you live.
If you receive income from rental properties, we will need either a current bank statement that shows this, or a current lease arrangement, or a letter from your real estate agent or property manager or notice of assessment from your respective tax office showing returns on capital gains on the property.
Lastly, if you receive investment income, we will need to see either your shareholding certificate(s), or a current dividend statement notice.
3. What you own
We will ask you if you have and for any shares, property, or significant assets you might have. We will need supporting documentation.
4. What you owe
We will ask for details on any loans, credit cards, store cards, leases, and other personal debts. Many people take the chance to completely overhaul their finances before they buy a home. It is a splendid opportunity to get your finances in order and get things as simple and stress-free as possible
For online pre-approval, please fill out the forms below and in case of any inquiries, please email us on [email protected] and we will get back to you as soon as we can.