Top 5 Mortgage Banks In Nigeria 2022

In this article, we shall be looking at the top 5 mortgage banks in Nigeria.

Meaning of Mortgage

A mortgage is a loan taken for the purpose of buying a house or real estate property. If you’re looking to buy a house you can get a mortgage loan to finance the purchase.

What Are Mortgage Banks?

Mortgage banks in Nigeria are the preferred financial institution for people who want to buy their own homes, particularly real estate and houses. In response to the need for top banks that provide this service, this article will present a list of the top ten most reputable mortgage banks in Nigeria.

You may trust these financial institutions because they have been duly registered by the Central Bank of Nigeria (CBN).

Here are the top 5 mortgage banks in Nigeria, listed based on their ability to provide the best mortgage banking services.

1. FBN Mortgages Ltd

FBN mortgage Ltd is one of the top mortgage banks in Nigeria. Owned by First Bank of Nigeria Mortgages Limited, FBN mortgage bank seeks to provide the best mortgage banking services and products, reflecting the supremacy of its parent company.

To assist their rising consumers, this financial institution offers a variety of mortgage and real estate financing options. They expect that by providing these mortgage services, they would be able to assist their customers in achieving their goals of homeownership and real estate growth.

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2. Abbey Mortgage Bank Plc

Abbey mortgage banks plc is a UK-based mortgage lender. The bank, along with seven other national Primary Mortgage Banks, received its license from the Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria (FMBN) to operate as a mortgage bank in Nigeria.

They were also accredited by the National Housing Funding (NHF). Abbey Mortgage Bank provides a number of mortgage and investment options. This is supplemented by the coaching and advisory services they provide to corporations, as well as people, to help them obtain home financing.
Mortgage and real estate-related services are also provided by the bank, which it facilitates.

3. Platinum Mortgage Bank Ltd

Platinum Mortgage Bank Ltd is another top mortgage bank in Nigeria offering exceptional services. It was founded in 1992 by the Corporate Affairs Commission with the goal of providing savings, loans, and homeownership services.

The Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria have both licensed them. It is authorized to provide mortgage banking services in the country by CBN Decree 24 of 1991 and FMBN Decree No. 53 of 1989, respectively.

The bank’s administrative headquarters are in Lagos, and it maintains branch offices throughout Nigeria.

4. Safetrust Mortgage Bank

Safetrust mortgage is another top mortgage bank in Nigeria. The mortgage institute was founded on January 2, 1992, and operations began in January 1993. They have a registered office at 18, Keffi Street, Ikoyi, Lagos.

The bank was officially licensed by the Central Bank of Nigeria (CBN) and received accreditation from the Federal Mortgage Bank of Nigeria (FMBN) for the disbursement of NHF loans to contributors.

Safetrust mortgage bank’s ownership is diverse, with institutional investors, high-net-worth individuals, and professionals from numerous industries owning shares. With all of this, they hope to provide first-rate mortgage banking services to their growing customer base.

5. Trustbond Mortgage Bank

Trustbond Mortgage Bank is a mortgage in Nigeria with Headquarters in Lagos. The bank was founded in 2005 as a result of the revision of bank capital structures. This was in relation to Intercontinental Bank Plc’s acquisition of Gateway Bank.

Furthermore, Intercontinental Homes is a subsidiary of Access Bank, which was acquired in 2011. The current paid-up capital of Trustbond Mortgage Banks is over N5 billion. The bank is a well-connected financial institution with operations in all 50 states.

Conclusion

These are the top 5 best mortgage banks in Nigeria this 2022. With their quality products and services, they can give you good options in mortgage banking in the country.

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