Rent to Own Project

Rent to Own Project

The Lagos State Government unveil a loudable project "Rent to Own Scheme". Governor Akinwumi Ambode has decided to help Lagos resisdents become a landlord with this scheme.

The State's Commisioner for Housing Prince Gbolahan Lawal has release the Rental Housing Policies, which is targeted at low and medium income earner in both the formal and informal sectors of the state.

2 responses

  1. Pls sir I would love to be a beneficiary of this great Housing project pls I need your Help and how to go about the whole process

    • APPLICATION AND SUBMISSION

      You complete the Application Form in accordance with the instructions, pay the prescribed processing fee and collect a receipt after submitting copies of all necessary supporting documents. The form can be submitted in person or online. Originals of supporting documents will be required for sighting if you are successful at the Draw.
      PRE-QUALIFICATION

      The Lagos Mortgage Board [LMB] processes your form for pre-qualification and if you meet the requirements, you will be assigned a Draw reference number.
      DRAW
      LMB enters you for the draws which are conducted periodically on announced dates, through a transparent, fair and well publicised process.
      POST DRAW PROCESSING

      LMB forwards names of successful Draw applicants to the Lagos Building Investment Company [LBIC] for mortgage processing. When you receive an Offer Letter from LBIC, you should confirm acceptance and comply with the conditions set out, including the payment of a 30% initial deposit to LBIC within the period stipulated in the Offer Letter.
      CLOSING
      The Contract of Sale and Deed of Mortgage are executed (signed) by you and the LMB/LBIC and the keys to your home are delivered to you. EASY!

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