Firm Rolls Out Cheap Mortgage For Home Seekers


In order to promote affordable housing and enhance home ownership among Nigerians, Lekki Gardens Estate Limited, developer of Lekki Gardens, has introduced mortgage of 9.9 per cent interest with a five-year tenor to prospective home seekers. Besides, the company has unveiled a new technical structure to strengthen its operation in order to ensure timely delivery of quality and affordable housing to its customers.

Speaking with journalists in Lagos about the structure and newly introduced affordable mortgage in partnership with with Trustbond Mortgage Bank, the company’s Managing Director/ Chief Executive Officer, Mr. Richard Nyong, disclosed that 17 people had already secured the facility to access their homes in one of company’s estates where 350 housing units had been completed, with plans to increase the units to 1,000 in six months.

While work has commenced in some of the sites, he stated that more construction activities would fully begin across all the project sites by the end of this month. In its rebuilding process, Nyong revealed that the company had engaged topnotch consultants and contractors in different aspect of construction value chain as work recommences in all its project sites after carrying out due system and process overhauling.

Apart from this, he said that the company had embarked on a strategic overhauling of its businesses, processes and people to enable it deliver a better housing experience to its clients. He said: “In the last six months, we have taken time to review and strengthen our technical structure. “Today, Lekki Gardens now boasts of a solid technical team with qualified and experienced professionals to deliver a world-class housing experience to our clients.”

According to Nyong, despite the temporary setback, the company has remained economically viable and liquid without any form of indebtedness to any bank. He said that its account had been audited and certified satisfactory by Ernst and Young, a global auditing firm. He seized the opportunity to introduce Mr Andrew Jibunoh as the Chief Technical Officer for the company among other appointments.

Also speaking, Jibunor said the company had put in place some policies including quality management, planning and coordination as well as health, environment and safety, all in pursuant of global best practice. In ensuring a technically sound building and construction, he said his team had carried out a condition survey for sites, building and structures to ensure the quality of work in terms of existing design information appraisal, visual appraisals and inspections as well as other appraisals like soil tests, pile loads and perimeter survey among others.

Source: New Telegraph


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