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Title deed hurdles hit uptake of subsidised housing loans
Kenya Mortgage Refinance Company (KMRC) CEO Johnstone Oltetia addressing participants during the Annual General Meeting (AGM) of Nation DT Sacco at St. Andrews Church in Nyerere Road, Nairobi on February 15, 2025.
The Kenya Mortgage Refinance Company (KMRC) has flagged lengthy processing and registration of title deeds as a major bottleneck in funding the purchase of houses under the State-backed affordable housing programme.
KMRC Chief Executive Johnstone Oltetia says it takes an average of six months for prospective homebuyers to have their titles registered to get mortgages.
