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 THIRD PARTY HOUSING FINANCE SOLUTION 

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 contact with most of the Zambian Banks 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 your bank summarizing, among other things, the Plot Purchase Consideration, The Development Consideration of the House at Lilayi; and the amount of the closing costs. The letter will also specify the terms upon which the Bank will distribute your loan proceeds   to our  Conveyancing Attorney.
 

Step 3: Once the bank acknowledges that it will fund the loan by signing and returning the Offer letter to us, you will be expected to come to our offices, sign all contract documentation and lodge all closing costs and the Plot Purchase consideration (or more depending on the amount of your loan) with our conveyancers, Messr’s Sharpe Howard and Mwyenye who will hold them in trust and pay them across at various stages of construction. Generally these stages are:

  • 20% of the Development Consideration as building commences,

  • 30% of the Development Consideration  at Foundation level

  • A further 30% of the Development Consideration  at wall plate level

  • The remaining 20% of the Development Consideration on delivery of the house to the Employee

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.
 

We will be happy to work with your lender 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

                CASH            HOME OWNERSHIP SCHEME

 

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