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The Luxiar Apartments project is funded by Federal Mortgage Bank of Nigeria through the cooperative housing development scheme which allows for individuals to own houses without going through the delay and stress caused by Primary Mortgage Banks. Hence, it is RENT-TO-OWN applicable.
So you pay 30% equity (down payment) of any of the property types and get keys to your house then you pay the 70% balance via mortgage across a maximum repayment period of 30 years at an annual interest rate of 7%.
Kindly note that the interest has reducing balance value, that is, as the mortgage reduces, the interest reduces. Also, the interest covers for insurance for your property.
We have the following house types and their prices:3-bedroom terrace duplex: N26m
So upon payment of 30% of the prices of any of these house types, you will be given keys to your house.
Property Ref: 1521813 | Added On: 07 Nov 2022 | Last Updated: 09 Feb 2023 |
Market Status: Not Available | Type: House | Bedrooms: 3 |
Bathrooms: 4 | Toilets: 4 | Parking Spaces: 3 |
Total Area: 250 sqm |
Interested in this property?
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