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Tuesday, September 13, 2011
A statement from the governor’s office said the website would provide all the information required by those wishing to own their own houses.www.mannastores.com
”The website will serve as data base for all applicants to the Lagos Home Ownership Scheme, christened ‘Lagos HOMS’, from which they will download all needed information, including rules of prequalification as well as the Mortgage Calculator which will enable prospective applicants to calculate the quantum of their income that will go towards settling their mortgage payment,” the statement said.
The website is http://lagoshomsgov.org/index.php/home-mainmenu-1.
Fashola said the scheme would make it possible for qualified individuals to obtain funding upon the contribution of an amount not exceeding 30 per cent of the price of the housing unit, with the balance payable over a period of 10 to 20 years.
However, current home owners would be barred from the scheme as it is primarily geared towards ‘First Time Buyers’. All applicants will have to provide a sworn buyer‘s affidavit attesting to the fact that they do not own property within Lagos.
They will also need to provide proof of employment, residency in Lagos State and evidence of tax payment while any false deposition in the buyer’s affidavit would be a ground for re-possession and other criminal sanctions that may be imposed by law.
The government has designed a structure whereby it would collaborate with named partner banks for the provision of funds to support applicants in the acquisition of homes as well as the management of the pre-qualification procedures.
The Governor said the launch of the Scheme’s website and Housing Arbitration Rules constitute “the first in a series of events that will lead to flagship formal launch of Lagos HOMS in a short while”, adding, “Between now and then, the website will be uploaded with all the necessary information to help prospective buyers under the Scheme make an informed choice”.
“By the date of the formal launch of Lagos HOMS, applicants will have the choice of downloading all the forms from the website and visit the partner banks only to submit completed documents,” Fashola said.
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