Posts with tag "mortgage"

In one of my earlier essays, I hinted that plans were in the works by the Federal Government to introduce an encouraging mortgage regime that will be accessible to many Nigerians especially low income earners.

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Fresh moves have begun to motivate use of mortgage towards property ownership in the commerce and trade sector as FirstBank of Nigeria Plc last week offered mortgage facilities for individuals and corporate organisations to acquire shops in the ultra-modern Tejuosho Shopping Complex in Yaba, Lagos.

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In a bid to instil confidence and create awareness on its mortgage products, mortgage operatives have launched a leeway to woo prospective borrowers, which if successful will ensure a sustainable housing finance in the country.

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Fixes December 31, 2012 as deadline for recapitalization of mortgage firms.

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African governments have been urged to make housing  financing affordable to low income earners since mortgage financing is expensive, risky and only for the rich.

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Indications emerged last week that construction industry and mortgage firms may have jerked up investment opportunities in the new financial year, following positive returns on investments release last week by notable firms in the stock market.

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Spirited to increase estate development and home ownership in Nigeria, the Federal Mortgage Bank of Nigeria (FMBN), has proposed a fresh initiative, which will usher in an Estate Development Guarantee (EDG) scheme

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Indications have emerged that except there is a review of the nation’s mortgage system and amendment of the current Land Use Act, which often impact negatively on plans to shore up housing provision, the dream to deliver mass housing as being advocated may be a farce.

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Nigeria Property Centre does NOT subscribe people to the HOMS Scheme. Visit the Lagos State Government website for details on how to subscribe.

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In light of the ever increasing pressure to provide decent and affordable housing, the Lagos State Government has established a mortgage finance system to aid Lagosians acquire homes. The scheme, known as  the Lagos Home Ownership and Mortgage Scheme (HOMS), will afford first time home buyers resident in Lagos State the opportunity to own houses. The scheme will also facilitate the creation of long term sustainable wealth for the Lagos state government.

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