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High interest rates main reason for seizure of houses

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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

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