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13 Jul 2023

John Keells Properties reintroduces ‘Freedom Mortgage’ with HNB

John Keells Properties, revolutionizing urban living experiences, reintroduces ‘Freedom Mortgage’ for TRI-ZEN Apartments. As part of this initiative, customers can pay 20 percent now and nothing more for the next 6 months. This will provide homebuyers with a unique opportunity to enjoy enhanced financial flexibility.

Freedom Mortgage is designed to alleviate the financial challenges often associated with property ownership, enabling prospective buyers to experience the joy of owning an apartment without the immediate pressure of mortgage payments. This innovative offering is a testament to John Keells Properties’ commitment to redefining the residential real estate landscape and prioritizing the needs and aspirations of their valued customers.

Commenting on this initiative, Head of Sales and Marketing, Property Sector and Vice President of John Keells Holdings – Nadeem Shums said, “We are happy to reintroduce a mortgage instrument pioneered by us a few years ago. With interest rates coming down, the real estate investment proposition is now very attractive compared to some fixed-income options which are taxed at very high rates.

At TRI-ZEN, we believe in empowering individuals and families to achieve their dreams of homeownership while minimizing the financial strain. By shouldering the interest costs for the first six months, we aim to provide our customers with a sense of relief and financial flexibility, allowing them to settle into their new homes with peace of mind. This is the ideal time to take advantage of this limited-time offer and lock in an attractive mortgage package through the Freedom Mortgage with HNB.”

“The macroeconomic challenges and fluctuations in the prices of property over the past few years have made it difficult for prospective homeowners to invest in a home of their own. As one of the largest private sector banks, we have always worked towards offering our customers the best possible deals in the market. We believe this partnership with JKP for the Freedom Mortgage package is the ideal opportunity for customers to invest in a modern home,” said HNB AGM – PFS, Kanchana Karunagama.

Under the terms of the Freedom Mortgage, homebuyers who secure a mortgage with TRI-ZEN Apartments will be relieved of the burden of interest costs for the initial six months of their mortgage term. This means that homeowners can enjoy a worry-free transition into their new TRI-ZEN apartment, with the financial support provided during the crucial early stages
of home ownership.