Mortgage is a long-term commitment that ties a prospective homeowner down to mortgage repayment for a long period usually more than 10 years and transfer of a legal or equitable interest in a specific immovable property for the payment of debt. Although mortgage helps an individual to acquire a home (house/land), it carries with it a huge responsibility, that of repaying the loan. This may be a hard task and even at times impossible due to the bottlenecks held by the economy and investors.

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... include; high rates of interest on mortgages, extortion by investors, poor saving culture, lack of stable employments and lack of awareness. The study aims at assessing socio-demographic factors that make individuals in middle-income economies to adopt mortgage plans. The study mainly targets the proportion of people who do not meet the requirements for the current mortgage plans. Primary methods of data collection were employed. The residents of Langas in Uasin-Gishu County subjects were interviewed as well as allowed to answer the administered close-ended questionnaires. A multivariate logistic regression model showing the relationship between awareness for mortgage plans and various socio-demographic variables was tested. The results show that there is a strong significant association between mortgage awareness with factors such as age and education level. Thus the rise in mortgage uptake is well explained by socio-demographic factors. Although the study established a positive relationship between mortgage uptake and occupation status among those in permanent employment category, the relationship was found to be insignificant.