High interest rates main reason for seizure of houses

Rising loan interest rates. (Courtesy/iStockphoto)

I have been following recent media reports on how residential houses are topping the list of asset seizures by banks seeking to recover unpaid loans from clients. Such reports make first-time prospective homeowners shudder as the runaway loan interest rates may make it impossible to service a mortgage without fear of being auctioned.

Kristina, Nairobi