Best Mortgage Lawyers in Abuja

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Free Guide to Hiring a Real Estate Lawyer

Resolution Law Firm
Abuja, Nigeria

Founded in 2014
14 people in their team
English
ABOUT RESOLUTION LAW FIRMResolution Law Firm, which ranks among the leading legal consultants in Nigeria was founded by a group of passionate, hardworking and honest lawyers committed to the excellent delivery of legal services in Nigeria.Resolution Law Firm is based in Nigeria and the firm...
Ace Solicitors
Abuja, Nigeria

Founded in 1991
10 people in their team
English
Ace Solicitors is a moderately sized, full service Nigerian law firm with affiliates in Lagos and Accra. It was established in 1991 by the founding partner, Ese Igbako whom the firm was earlier named after. The firm rebranded and changed its name to Ace Solicitors on the 15th of May 2006. Ace...
Nakudu Law Partners
Abuja, Nigeria

Founded in 2018
7 people in their team
English
We know and indeed work in the consciousness  that we deliver our best work when working as a team rather than as individuals operating alone. Being a great colleague and working efficiently and effectively with our clients, colleagues and other stakeholders around the world to achieve the...
Aluko & Oyebode
Abuja, Nigeria

Founded in 1993
50 people in their team
English
INTERNATIONAL STANDARDS, LOCAL EXPERTISEAt Aluko & Oyebode, multi-national companies, local entrepreneurs and pro bono clients can expect the same level of world class legal services delivered with the highest ethical standards. As the largest full-service commercial law firm in Nigeria, we...
Alex Izinyon And Company
Abuja, Nigeria

Founded in 1987
50 people in their team
English
Since the establishment of our firm in 1987, we have been key advisors over the years to the government in fundamental cases that have developed the legal framework of Nigeria. In 1987, Alex Izinyon & Co was based on Kogi State, Nigeria. In 1994, the firm was relocated to Abuja, the new Federal...
Amofin Solicitors
Abuja, Nigeria

Founded in 2000
50 people in their team
English
AMOFIN SOLICITORSAmofin Solicitors is a law firm of high repute in Nigeria with a team of outstanding lawyers well versed and skilled in different areas of law such as Communications and Information Technology Law, Intellectual Property Law, Corporate Law Practice, Employment Law, Banking and...
Dele Oye & Associates
Abuja, Nigeria

Founded in 1991
200 people in their team
English
Established in 1991, we are one of the leading full-service law firms in Nigeria on a mission to provide broad-based, world-class, professional legal services.We aim to be one of the foremost Law Firms in Africa, noted for professionalism, competency and efficiency. Our Core...
CHAMAN LAW FIRM
Abuja, Nigeria

Founded in 2019
15 people in their team
English
CHAMAN LAW FIRM is a world class and one of the leading and top law firms in Nigeria.  In Support of clients on substantial matters, we deploy well-configured attorney teams with domestic and international experience and expertise. We are known for excellence in the practice of law and...
CHIEF OLAJIDE AJANA & CO
Abuja, Nigeria

Founded in 2000
50 people in their team
English
Chief Olajide Ajana & Co. (A & A LAW CHAMBERS) is a Firm of Legal Practitioners & Consultants which has evolved over three decades as a creative and solution-based Law Firm and Resource Centre dedicated to meeting clients’ needs in a most resourceful manner.The Firm’s Offices are...
AS SEEN ON

About Mortgage Law in Abuja, Nigeria

Mortgage law in Abuja, Nigeria governs the legal framework surrounding property financing and ownership. A mortgage refers to a loan provided by a financial institution, known as a mortgage lender, to help individuals or companies purchase real estate. In Abuja, Nigeria, mortgage laws dictate the rights and responsibilities of both borrowers and lenders in these transactions.

Why You May Need a Lawyer

Seeking legal advice from a mortgage lawyer in Abuja, Nigeria may be necessary in various situations:

  • If you are entering into a mortgage agreement and want to ensure all the terms and conditions are fair and favorable.
  • If you are facing difficulty in making mortgage payments and need assistance in negotiating with the lender or exploring other options.
  • If you believe your mortgage lender has acted unfairly or violated any legal obligations.
  • If you are planning to engage in a mortgage foreclosure process, whether as a borrower or a lender.

Local Laws Overview

The following are key aspects of local laws relevant to mortgage in Abuja, Nigeria:

  • Registration: All mortgages must be registered with the Federal Mortgage Bank of Nigeria (FMBN) within 90 days of creation to ensure validity and protection.
  • Interest Rates: The Central Bank of Nigeria sets a maximum interest rate that lenders can charge on mortgage loans.
  • Foreclosure Process: If a borrower defaults on mortgage payments, the lender must follow the legal foreclosure process, which involves court proceedings and strict adherence to the law.
  • Consumer Protection: Abuja has consumer protection laws in place to safeguard borrowers from unfair practices and ensure transparency in mortgage transactions.

Frequently Asked Questions

1. Can I get a mortgage loan in Abuja, Nigeria as a non-Nigerian citizen?

Yes, non-Nigerian citizens are eligible to obtain mortgage loans in Abuja, Nigeria, as long as they meet the lending institution's requirements.

2. What are the common mortgage terms in Abuja, Nigeria?

The typical mortgage terms in Abuja, Nigeria include loan tenure of up to 15 to 20 years and down payment requirements ranging from 20% to 30% of the property's value.

3. What happens if I default on my mortgage payments?

If you default on mortgage payments, the lender can initiate foreclosure proceedings, which might result in the sale of your property to recover the outstanding debt.

4. Can I transfer my mortgage to another property?

Subject to the lender's terms and conditions, it is possible to transfer your existing mortgage to another property in Abuja, Nigeria. However, this process typically involves refinancing and approval from the lender.

5. What are the costs associated with obtaining a mortgage in Abuja, Nigeria?

When obtaining a mortgage in Abuja, Nigeria, you should consider costs such as appraisal fees, legal fees, insurance fees, and stamp duty.

Additional Resources

For further information and assistance regarding mortgage law in Abuja, Nigeria, consider contacting these resources:

  • Federal Mortgage Bank of Nigeria (FMBN): www.fmbn.gov.ng
  • Abuja Mortgage Lawyers Association: www.abujamla.org

Next Steps

If you require legal assistance in matters related to mortgage in Abuja, Nigeria, it is advisable to consult a reputable mortgage lawyer. They can provide personalized advice and guide you through the legal processes involved in mortgage transactions.

Lawzana helps you find the best lawyers and law firms in Abuja through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Abuja, Nigeria - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.