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If consumers believe there is a chance that market finance rates may increase, home buyers can lock into the current rate for two years with guaranteed fixed repayments. In addition, at the end of the two-year fixed rate agreement, the option exists to choose between a variable or another fixed rate if available at that time.
Sakana's innovative offer is available on a "first come, first served" basis for a limited period on residential properties for Bahrain residents, whether nationals and expatriates, on several of Sakana's products - land purchase, home purchase, home refinancing and equity release.
Mr R. Lakshmanan, Sakana's CEO, said:
"Sakana is committed to delivering innovative solutions to property buyers, and we consider ourselves as a catalyst for change. We know that for many people, a mortgage is the biggest single financial commitment they will ever make, so we have introduced a product which is tried and tested in more established mortgage markets to give our customers added reassurance."
Customers have a wide range of options with Sakana to suit a variety of housing and financial needs and this newest product complements the existing variable and fixed rate mortgages as well as the choice of mortgage terms of up to 30 year and financing levels of up to 90% of the property value.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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