There is nothing wrong at all with what some brokers are doing to try and open up the mortgage market in Egypt; it will benefit everyone.What I object to is Developers publishing glossy brochures saying they have an agreed mortgage with an Egyptian bank over 12 or 15 years at 6.5% interest. I am sure that this will come and I would be delighted if someone can publish a letter from an Egyptian bank with an offer to this effect. Any Developers seen such a letter? It would be great to know its possible but I suspect that as of right now we won't see too many published!
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