Mortgages
Understanding Mortgages in Ghana
A mortgage is a structured financing solution that allows individuals and families to acquire residential property by spreading payment over an agreed period, rather than paying the full purchase price upfront. Mortgages are commonly used for home ownership, buy-to-let investments, and property development.
At Bill Cotey Realty, we guide clients through the mortgage process, ensuring they understand eligibility requirements, property conditions, documentation, and long-term financial commitments.
Types of Mortgage Solutions Available
Home Purchase Mortgage
Designed to assist clients in purchasing completed or off-plan residential properties for:
- Owner occupation
- Investment purposes (buy-to-let)
The property must be residential and supported by valid ownership and title documents.
Equity Release / Homeowner Mortgage
This option allows existing homeowners to unlock the value of a completed property by borrowing against it. Funds may be used for:
- Home construction or completion
- Property acquisition
- Business expansion
- Education or medical needs
- Other approved investments
Who Can Apply for a Mortgage
Mortgage facilities are available to:
- Salaried individuals
- Self-employed individuals
- Resident Ghanaians
- Non-resident Ghanaians (Diaspora)
- Resident non-Ghanaians with valid permits
- Joint applicants (such as spouses or close family members)
Who Can Apply for a Mortgage
Mortgage facilities are available to:
- Salaried individuals
- Self-employed individuals
- Resident Ghanaians
- Non-resident Ghanaians (Diaspora)
- Resident non-Ghanaians with valid permits
- Joint applicants (such as spouses or close family members)
Key Mortgage Features
- Financing of up to 80% of property value (subject to applicant profile)
- Loan tenors of up to 20 years
- Flexible repayment structures
- Competitive interest rates
- Options for both residents and diaspora clients
