FCMB Partners Leading Real Estate Firms On Affordable Housing

First City Monument Bank (FCMB) has partnered with Brains & Hammers Limited and Brooks Assets & Resources Limited to provide affordable housing for salary earners and self-employed residents in Lagos State.

The bank said the step was in a bid to make the dream of home ownership for the beneficiaries a reality. The partnership, according to the bank, which offers mortgage loans of up to N75 million, will empower FCMB customers and other Nigerians to purchase homes or acquire land in areas of their choice within Lagos State.

In a statement by the bank’s divisional head of Personal Banking, Mr. Shamsideen Fashola, the Bank understands the affordability criteria challenges facing its customers as well as other Nigerians seeking to become homeowners.

According to the statement, ‘‘Our partnership with Brains & Hammers Limited and Brooks Assets & Resources Limited provides a unique opportunity for our customers to fulfill their dreams of home ownership, easing all the constraints and fears associated with this exciting and self-fulfilling life moment that everyone cherishes.

‘‘The FCMB mortgage loan is easy to obtain and repayment is flexible. He urged Nigerians to take advantage of the offer to fulfill their home ownership dream and assured them that, “FCMB will continue to support the dreams of its customers and Nigerians by giving them the financial support they need to be homeowners when it matters most.’’

Commenting, the acting group chief operating officer of Brains & Hammers Limited, Mrs. Christine Fashakin-Nobre said, ‘‘Brains & Hammers have an assortment of products in Abuja, Lagos and Kano that can meet the needs of every type of potential homeowner.”

In her comments, the managing director of Brooks Assets & Resources Limited, Ms. Lanre Sola, said the provision of affordable and acceptable housing (AAH) to the average Nigerian has been a source of concern over the years, but the long-term mortgage facility by FCMB has come as a blessing in disguise.