09
Nov
Martin Endjala The Bank of Namibia (BoN) has announced that Namibians will no longer be required to make a deposit on their mortgage when acquiring a second residential property through commercial banks. BoN announced yesterday that the Loan-To-Value ratio has been relaxed to make it easy for members of the public who wish to purchase additional properties. According to the central bank Deputy Governor Leoni Dun, the Loan-to-value ratios for purchasing multiple homes through mortgage bonds to mitigate financial risks were relaxed following a new regulation issued by Minister of Finance and Public Enterprises Iipumbu Shiimi, on the recommendation of…