What is ezHomes?
ezHomes is a homeownership solution that simplifies the process of buying a home while leveraging on your accrued pension funds. It offers you the opportunity to use your pension account balances to acquire a well-constructed and affordable home without hassle.
ezHomes comes with various options, including Outright Purchase or Mortgage, to suit different preferences and budgets. Additionally, we plan to introduce rent and rent-to-own options in the future for increased flexibility.
What is ezHomes?
ezHomes is a homeownership solution that simplifies the process of buying a home while leveraging on your accrued pension funds. It offers you the opportunity to use your pension account balances to acquire a well-constructed and affordable home without hassle.
ezHomes comes with various options, including Outright Purchase or Mortgage, to suit different preferences and budgets. Additionally, we plan to introduce rent and rent-to-own options in the future for increased flexibility.
Features of
ezHomes
With ezHomes, you can purchase your dream home without having to put down a large down payment. Your pension account balance is used instead, making homeownership more accessible and affordable.
Do not let limited pension balances hold you back from owning your home. With ezHomes, we allow spouses to combine their Tier 2 and Tier 3 pension balances to access even better homes. Take advantage of this unique opportunity and invest in your future today.
ezHomes allows you to combine your Tier 2 and Tier 3 funds as well as your personal savings and investment to purchase a home. If you need additional funding outside of these options, you can access a competitively priced mortgage through ezHomes.
You no longer have to go through the hassle of finding a home to purchase. A pre-screened list of homes is now available to you. The residences in our carefully selected inventory range from cozy apartments to spacious townhouses. The homes are free of litigation, constructed using the best techniques and will withstand the test of time.
Who Qualifies?
If you are a member of the Petra Advantage Pension Scheme and the Petra Opportunity Pension Scheme, this product is for you.
Benefits of ezHomes
What Are Your Options?
Outright Home Purchase
Purchasing a home is likely the biggest financial investment you will make in your lifetime. Have complete ownership and control over your home and enjoy peace of mind and stability. Purchase a home outright using the funds accrued in your Tier 2 and Tier 3 account as well as any other funds you have saved up.
Mortgage
No need to worry if you don’t have enough money to cover the entire home’s price. You can use a mortgage facility in addition to your pension benefits and other available funds to purchase the home.
Petra has pre-negotiated Ghana Cedi mortgage facilities with its financing partners, such as ABSA and Fidelity Bank just for you. The monthly payments under this plan will be lower than those under a standard mortgage, making it more accessible to you.
Personalized Home Planning
Don’t have enough? Our Financial Advisors will work with you to:
Evaluate your current financial situation.
Define a plan to help you achieve your goals.
Put in place measures that will keep you on the path to achieving your goals.
What Homes are Available?
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Frequently Asked Questions on ezHomes
All members of the Petra Advantage Pension Scheme
and the Petra Opportunity Pension Scheme with sufficient accrued benefits are eligible.
A variety of homes have been curated for customers including detached and semi-detached 2- and 3-bedroom bungalows, studio apartments, and 2-,3- and 4-bedroom townhouses.
The Scheme will make payment on your
behalf to the Developer. If you are providing additional funding which is not from the Scheme or
a mortgage provider, the Developer will provide you with payment details. If you finance the
purchase with a mortgage, the mortgage provider will transfer the funds directly to the
Developer.
Visit members.petraonline.com and sign into your
online account to view your balances. If you have not signed up previously, you will be required
to do so.
This depends on the cost of
the home you are interested in purchasing. However, the table below gives further detail on the
eligibility conditions.
No, Petra does not charge for the
provision of this service. However, you will bear any fees and charges associated with the home
purchase and mortgage if taken.
You can use all your accrued benefits to purchase the home. You will however have to fulfil some conditions.
Today, you can submit a joint application
with your spouse only. You and your spouse must be members of the Petra Advantage and Petra
Opportunity Pension Schemes.
No, Petra has put together a catalogue of top-
quality homes with modern amenities for your consideration. Visit
ezHomesezHomes.petraonline.com to begin the process.
No, this is only in respect of home purchase at this time.
If your accrued benefits and personal funds are
sufficient to purchase the home outright, you will not need to take out a mortgage. However, if
your balance is not sufficient and you do not have any other means of financing the shortfall,
you will be advised to take a mortgage.
This is dependent on the option that you select and the availability of funding. Petra is however committed to getting you into a home within a month.
If you are using your Tier 2
account balance and wish to purchase the home outright, you must have accrued the entire cost
of the house in your account if you are below 50 years. If you are 50 years and above, the cost of
your preferred home cannot exceed 80% of your accrued benefits. However, if you are financing
the home with a mortgage, you only need 60% of the cost of the home accrued in your tier 2
account. The remainder will be funded by the mortgage provider.
At the
moment, the ezHomes Initiative does not support the purchase of homes that are not listed.
Why Wait?
Contact us today and get started
ezHomes is a Petra Fund Services innitiative.
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