Getting on the housing ladder or securing a mortgage on a new property is no longer a myth in Nigeria. This was practically impossible a few years back without a more than average income or a solid collateral and in most stringent cases, both.

Although, mortgage lending is still evidently the domain of established developers, a lot of banks and financial institutions across the country now have a mortgage or home ownership section offering very competitive rates to investors and first time buyers.

Mortgage advisors play a very vital role in assessing a first time buyer's financial situation and mortgage requirements before aligning them with the right products on the market. They are usually able to conduct a search for the most appropriate mortgages and in most cases, have a direct relationship with the lender.

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