Tag Archives: mortgage

For most Nigerians that have served the government or being into civil service for donkey years it is almost impossible that they save enough to own a piece of land talk-less having money to build their own houses. Therefore, many Nigerians do require one form of assistance or the other to become landlords. This assistance normally should come in form ...

Shelter Afrique has invested over $16 million; about N315.2 billion in the nation’s equity market in the last three years. Out of these equity investments, $13 million, about 256.1 billion was invested in credit lines for on-lending for mortgage while $3 million, about N591 million was invested in the Nigerian Mortgage Refinance Company, NMRC within the same period under review. ...

The institute of Mortgage Brokers and Lenders (IMBL) has urged President Muhammadu Buhari to invest recovered looted funds in low-cost housing and mortgage. In a congratulatory message to the President on his one year in office, IMBL’s Director-General Elisha Jasper said lack of housing is the major plight that most Nigerians are facing. He said: “There is a lack of ...

In an interview with Vanguard, Managing Director of Infinity Trust Mortgage Bank Plc, Mr Olabanjo Obaleye, disclosed that the high cost of obtaining mortgages in Nigeria has been attributed majorly to the cumbersome procedures and cost of obtaining Certificate of Occupancy from State governments. Speaking on the difficulties mortgage banks encounter when dealing with state governments, especially in obtaining documentation ...

This article tells you what you should know and subsequently do to access an estate developer’s loan in Nigeria. It is a long process in gaining access to funds for that estate development project.  Estate developers in Nigeria have one major constraint and that is the cost of acquiring land which is the first stage on a somewhat tumultuous path ...

What is a Mortgage? A mortgage is a lien on a property/house that secures a loan and is paid (interest and principal) in installments over an agreed period of time. The mortgage secures your promise that you’ll repay the money you’ve borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and ...

Towards reducing the nation’s housing deficit estimated at 17 million units, Trust Bond Mortgage Bank Plc has announced plans to engage in affordable home financing in all parts of the country, and offer of innovative products that would cater for different needs of the populace. The company will also ensure compliance with the relevant regulatory requirements and improve its profitability ...

A real estate expert, Mr. Dipo Fakorede, has attributed the current lull in the sector to cash crunch and change of government at the federal level. He stated that Banks are not lending the the real estate developer or granting mortgage due to the new government policies. He said the incomes of estate firms and investors have been dwindling because ...

Imperial Homes, Lamudi Nigeria in partnership for improved mortgage access. Nigeria’s largest online property platform, Lamudi Nigeria, has entered into a strategic partnership with leading mortgage bank, Imperial Homes Mortgage Bank Limited, with the aim of improving and deepening access to affordable mortgage facilities. Through Lamudi’s online mortgage calculator, property buyers can search for properties on the Lamudi Nigeria’s website, ...

The African Union for Housing Finance (AUHF), a member-based association of mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing on the African continent will hold its conference and annual general meeting in October at the Safari Hotel & Conference Centre, Windhoek, Namibia. AUH is grounded on developing the institutional ...