First City Monument Bank says it has partnered with real estate firms, Brains & Hammers Limited and Brooks Assets & Resources Limited, to provide affordable housing for salary earners and self-employed residents in Lagos State.
A statement by the bank said the partnership, which offered
mortgage loans of up to N75m, would empower FCMB customers and other Nigerians
to purchase homes or acquire lands in areas of their choice within Lagos State.
The Divisional Head of Personal Banking at FCMB, Shamsideen
Fashola, said the partnership was geared towards addressing the affordability
challenges facing its customers, as well as other Nigerians seeking to become
homeowners.
“Our partnership with Brains & Hammers Limited and
Brooks Assets & Resources Limited provides a unique opportunity for our
customers to fulfil their dreams of home ownership, easing all the constraints
and fears associated with this exciting and self-fulfilling life moment that
everyone cherishes,” he said.
According to him, the FCMB mortgage loan was easy to obtain,
while the repayment structure had been made as flexible as possible for the
beneficiaries. He urged Nigerians to take advantage of the offer to fulfil
their home ownership dreams.
“FCMB will continue to support the dreams of its customers
and Nigerians by giving them the financial support they need to be homeowners
when it matters most,” Fashola added.
He explained that repayment of the mortgage facility could
be spread over 120 months or 10 years, adding that the scheme offered several
benefits, including competitive interest rates, insurance cover and the
flexibility to purchase fully completed residential buildings or land in any
part of Lagos.
The Acting Group Chief Operating Officer of Brains &
Hammers Limited, Christine Fashakin-Nobre, said the company had products for
Nigerians dreaming of becoming landlords, and would work with FCMB to reduce
the housing deficit.
“We have affordable to luxury high-end residential,
commercial and hospitality space for interested Nigerians,” she said.
The Managing Director of Brooks Assets & Resources
Limited, Lanre Sola, said the provision of affordable and acceptable housing to
the average Nigerian had been a source of concern over the years, but the
long-term mortgage facility by FCMB had come as a blessing in disguise.