In a country with endemic land litigation in our courts (over 80% of all civil litigations are on lands), buying any land with a mortgage should be the norm or first financing option, and not the exception or after thought. The protection land purchase mortgages offer is priceless !!
Land Purchase Mortgage (LPM) is a type of credit that is used to finance the purchase of a plot of land. It's sometimes called a land loan or lot loan.
A. FEATURES
1. Our built-in direct mortgages can only be used under any of the following scenarios:
i. Buying any our own lands, or
ii. DCANS Lands Assisted External Land Finder.
2. Minimum Funding Amount: GHs50,000.
3. Maximum Funding Amount: GHs20m.
4. Maximum Repayment Period: 5yrs.
5. Maximum Rate: 12.00% p.a.
6. Mortgage Fee: 5% (Deductible or Applicable)
7. Can be used for all land types: Residential, Commercial, Agricultural, etc.
B. LAND PURCHASE MORTGAGE BENEFITS
1. Litigation Protection:
2. Flexible affordable repayments
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