| dc.description.abstract | This study was conducted in Central Uganda with the research entitled ‘An investigation into the ease to access mortgage financing for real estate development in Uganda, case study Mukono Municipality’’. The main objective of the study is to investigate the ease to access Mortgage Financing for Real Estate Development in Uganda and specific objectives addressed are; (i) to establish the procedures of obtaining mortgage financing for Real Estate Development in Uganda, (ii) to establish places where mortgage financing can be obtained, (iii) to establish the various alternative ways of obtaining housing finance, ( iv) to determine the challenges faced by Real Estate Developers in obtaining mortgage financing in Uganda and (iv) to examine how Mortgage Financing institutions can make mortgage financing accessible for Real Estate Developers in Uganda
‘Case study research design was used however qualitative and quantitative approach were used to design research questions. This was achieved by review of related literature and field data collection from 70 respondents by using approaches like questionnaires and interviews. Both qualitative and quantitative data collected were analyzed using thematic analysis and Microsoft excel respectively
The findings show that requirements for obtaining a mortgage loan includes; Land title, Approved plans, Structural drawings among others, procedures followed when obtaining a mortgage loan includes; Loan Application , application is presented to the respective committee for approval, Presentation of the required documents, Analysis of the documents, Inspection and appraisal of the property, Offering letter having terms and conditions to a qualified applicant, Approval and Registration of the Mortgage, Disbursement of the funds, Credit administration and Monitoring. Challenges faced by real estate developers when accessing mortgage includes; Bureaucracy, High interest rates, Short repayment period, Unfavorable terms and conditions among others.
The study goes ahead and recommends some solutions such as; Reducing Interest rates, Easing the system of obtaining approved plans from the concerned offices, Increasing the repaying duration, Reduce customer contribution, Improve Communication and Staff Attitude among others | en_US |
