The Future of Home Ownership in Kenya — What Nobody Is Telling You

Can you really afford to own a home in Kenya today? And what happens if you can no longer pay? In this episode, Sally Rugano is joined by Patrick Macharia, Head of Mortgage at I&M Bank, for a clear, practical look at home ownership and mortgages in Kenya. They start with the question every aspiring homeowner is asking: is owning a home still within reach? From there, Patrick explains whether you can get a mortgage without a payslip, a big question for business owners and freelancers. Whether you are a first-time buyer, an investor or a professional advising clients, this episode will help you make better decisions about your next property. Timestamps 0:00 Introduction 3:29 Can You Really Afford to Own a Home in Kenya Today? 7:11 Can You Get a Mortgage in Kenya Without a Payslip? 15:13 What Happens If You Can No Longer Pay Your Mortgage? 19:58 Does the Bank Keep All the Money When They Auction Your House? 22:37 What Happens to Your Mortgage When You Die? 24:13 How Has Getting a Mortgage in Kenya Changed Over the Years? 30:12 Does a Bank Penalise You for Paying Off Your Mortgage Early? 31:41 What Needs to Change About Mortgages in Kenya? 34:46 Where Are Kenyans Buying Property Now and in the Future? 38:01 What Is Tenant Purchase and Are You Ready for It? Learn more about I&M Bank Miliki Nyumba: https://www.imbankgroup.com/ke/im-ban... Guest: Patrick Macharia, Head of Mortgage, I&M Bank Subscribe for a new episode every two weeks. Be in the room from day one. Listen and follow: Website: https://realestateroom.co.ke YouTube:    / @therealestateroomke   Spotify: https://open.spotify.com/show/033fUS3... Instagram:   / therealestateroomke   TikTok:   / therealestateroomke   Facebook:   / realestateroomke   LinkedIn:   / the-real-estate-room   #TheRealEstateRoom #MortgagesKenya #HomeOwnership #KenyaProperty #IMBank