Housing deficit: Group offers mortgage protection for off-takers
As part of measures to address the housing deficit in Nigeria which a recent PriceWaterhouseCoopers (PwC) report said that presently stood at over 17 million houses, the Tent Group Limited has said that it is offering mortgage protection for off-takers. Chief Executive Officer of Tent Group, Charles Nwakamma-Chukwuemeka, said on Thursday in Abuja that the […]
File photo of an estate
As part of measures to address the housing deficit in Nigeria which a recent PriceWaterhouseCoopers (PwC) report said that presently stood at over 17 million houses, the Tent Group Limited has said that it is offering mortgage protection for off-takers.
Chief Executive Officer of Tent Group, Charles Nwakamma-Chukwuemeka, said on Thursday in Abuja that the initiative is to protect the company’s clients and off-takers from shocks and uncertainties which may arise from job losses, accidents, sicknesses, which may render them incapable of paying for a building.
According to him, in such instances insurance companies complete the payment of the building for the group’s customers under this offer.
He said that the mortgage protection is one of the things the group is providing free of charge as it pays the premium on behalf of the off-takers.
Nwakamma-Chukwuemeka said that to satisfy clients’ desires and specifications, the Tent Group is focused on offering all building types that match prospects’ unique tastes and expectations, from four-bedroom semi-detached duplexes to four-bedroom terraces, five-bedroom detached duplexes, six-bedroom detached duplexes one, two and three-bedroom flats as well as semi-detached duplexes.
He also said that for Nigerians in Diaspora and those who wish to key into the exquisite offers, Chukwuemeka said the firm has a platform where prospective homeowners will register, give building type and specification while the firm conceptualises the building to meet the needs of the homeowner.
“We developed a robust thought-out process from conceptualization to initiating projects to meet the needs of Nigerians in Diaspora, understanding the types of housing concepts in demand in the UK, US and others.
“These are the processes we have put in place. It gives Nigerians in Diaspora a lot of confidence. You know that some of them have confidants like uncles, aunties, brothers, and sisters to whom they sent money in the past, however, do not deliver such homes,” he said.
He decried that real estate firms most of the time wait for five to 10 years to get a Certificate of Occupancy (C of O) from the government which according to him is hampering the growth in the sector.
He therefore called for concerted efforts to change the situation in the interest of national development.