Frequently asked questions

After identifying the best property to acquire. The buyer makes an application to his/ her bank for loan facility. Upon receiving the application, the bank undertakes to conduct a valuation to establish whether the property is worth the loan applied for. The logic of this valuation is to find out whether the collateral offered equals the credit advanced.

Upon approval of the loan, the bank instructs its advocates to register charge over the subject property and in turn release the loan to the vendor as the sale price. The payment is usually completed after successful registration of charge .

An allotment letter is an offer. One has to accept the offer and comply with the terms of the offer. However one still needs to follow up and get a certificate of title and a lease. An allotment letter is proof of ownership if;

  • One accepts the offer.
  • One pays for it.
  • One develops the land within the stipulated time.
  • One has been paying rents and rates for the land.
  • The letter is genuinely acquired and is not a disputed public purpose property

One has to have a letter of administration and confirmation of grant. One should also have the title deed issued to the deceased; if they can’t find it they have to swear an affidavit so that the land registration department can gazette the title. After these documents are presented to the registration department, then the process of issuing a new title to the beneficiary will begin.

By carrying out a search at the land registry.

Yes. Lawyers acting on behalf of their clients can get access to the information on their files.

Sign up to our newsletter to get the latest news and offers.