If you wish to obtain your own financing from one of Zambia’s other
mortgage lenders, simply follow the simple steps below! We are in
partnership with most Stanbic Bank, standard Chartered Bank and
Barclays Bank and have arranged that the process be seamless and
easy!
Step 1: Visit the
one stop shop and choose your home;
Step 2: Our
Friendly and efficient sales staff will then prepare an offer letter
to you summarizing, among other things, the Plot Purchase
Consideration, The Development Consideration of the House at Lilayi;
and the amount of the closing costs. (This offer letter forms part
of the documentation required when applying for mortgage finance)
Step 3:
You can then approach the various bank representatives at our
offices who will introduce their particular home loan products to
you, this will enable you to choose a bank that best meets your home
financing needs. Please note that each Bank has their own credit
application and credit vetting processes.
Step 4: Once the
bank acknowledges that it will provide you with financing by
providing you with a facility letter, you will need to transfer the
deposit required by your financier as well as the required closing
costs into our conveyancing attorney’s trust account. Once we have
confirmation that the required deposit and closing costs have been
received, we will arrange for you to come to our offices to sign all
the contract documents. with our conveyancers, Messr’s Sharpe &
Howard.
The Conveyancing attorney will hold all funds in trust and effect
the transfer of ownership of the plot you have acquired into your
name and register the associated mortgage, on behalf of your lender.
Whilst we have existing relationships with Stanbic Bank, Standard
Chartered Bank and Barclays Bank, which allows for efficient
processing of your applications, will be happy to work with any
lender of your choosing to make sure you get the house of your
dreams in an efficient and timely manner.
Ø
Affordability Guide
Ø
Stanbic Savings Accounts especially
for Lilayi Customers
(Not currently available)
