Wednesday, 16 July 2008

Dar firm launches house financing project

From Daily News, Dar es Salaam
By DAILY NEWS Reporter

T-MORTGAGE Company has launched house financing project, the firm's Chief Executive Officer (CEO), Professor Charles Inyangete, said in Dar es Salaam yesterday.

Prof. Inyangete said that loans would be based on the income of the borrower. He said that the company serves the needs of the growing residential property market by delivering services of good quality.

“I have learnt that the home ownership market in Tanzania is under served,” he said.Prof. Inyangete said housing deficit is estimated to be 2 to 3 million units. "The shortage goes up each year," he added.

He underscored that Parastatal Pension Fund (PPF) has given T-mortgage 200 hundred houses in Mwanza for house financing.

He further noted that the company has surveyed houses in Mwanza, Dar es Salaam and Arusha.

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