Mortgages
Description
We all dream of owning our own homes. At Crown, we are committed to helping you turn that dream to reality. If you are over 21 years old, and are in full-time employment, come and talk to us about a mortgage solution to help you achieve your dream of home ownership.
Mortgage products available
- Outright purchase of a house/ flat for residential purposes
- Equity release: This means you can cash out up to 50% of the value of your existing property.
- Balance transfer with or without Cash out: Allows you to transfer your mortgage to us and enjoy our competitive terms. You can also get the benefit of a cash-out depending on the value of your property
Eligibility
- Zimbabwean citizens,
- Non-resident citizens with salaries domiciled in Zimbabwe
- Minimum age 21
- Salaried customers meeting all the specified requirements
- Employees and Directors of reputable companies
- Professionals and Consultants who earn a regular monthly income and are purchasing a residential property for owner occupation
Documents required
- Completed and signed application form
- Certified copies of last 3 month’s pay slips
- Certified letter from employer stating terms of employment
- Certified copy of ID/passport
- Sale Agreement
- Certified copies of bank statements for 12 months
- 3 colour passport-sized photos
- Copy of title deed
- For a mortgage transfer, mortgage statement for the last 12 months
Fees and charges
- Application fee advised on application
- Facility arrangement fee: 2.5%
- Conveyancing fees ( approximately 1-6% of property value)
- Bond registration (approximately 1-6% of loan amount)
- Property insurance (approximately 0.1% of property value per annum)
- Mortgage protection insurance (approximately 0.1% of the loan amount per month)
- Valuation fees (approximately 1% of property value, depends on where property is located)
