Recession: Ambode slashes prices of Lagos mortgage houses

Due to the economic downturn, Governor Akinwunmi Ambode of Lagos State has slashed price regime of houses under Lagos Home Ownership Mortgage Scheme, Lagos HOMS, to allow residents apply for the scheme specifically when rent-to-own scheme commence December 9.

Vanguard gathered that the scheme which commenced under the previous administration was yet to be fully subscribed, even with the introduction of raffle and other strategies earlier.

Mortgage firm promises N1.5m houses for Nigerians

The Nigerian Mortgage Refinancing Company on Monday said it was ready to refinance a one-bedroom apartment for the citizens at a cost of N1.5m in any part of the country.

The Managing Director, NMRC, Prof. Charles Inyangete, made the pledge during a press briefing on the African Union Housing Finance Conference to be held on Wednesday in Abuja.