Best Mortgage Lawyers in Abuja

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Founded in 1991
50 people in their team
English
BACKGROUNDObinna Ajoku & Co is a registered firm of Legal Practitioners and Notaries Public based in the Federal Capital Territory, Abuja. It was incorporated on the 16th day of August 1991 as a firm of private Legal Practitioners with business name number BN 795704.Being one of the few law...
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...
Highlaw Chambers

Highlaw Chambers

15 minutes Free Consultation
Abuja, Nigeria

Founded in 2021
5 people in their team
English
Hausa
Yoruba
Highlaw Chambers is a premier Nigerian law firm at the forefront of delivering innovative legal solutions. We are renowned for our dedication and commitment, we specialize in empowering clients across various sectors to disrupt industries and achieve transformative outcomes. Our expertise spans a...
Ojukwu Faotu & Yusuf
Abuja, Nigeria

Founded in 1985
50 people in their team
English
Ojukwu Faotu & Yusuf is a team of experienced and dedicated lawyers with client-focused service delivery goal. We provide a full array of legal services in a competent, efficient and professional manner.- 1985, OpeningThe firm was originally founded as Eleuthera Chambers at Aba .- 1988It later...
JUS PARTNERS
Abuja, Nigeria

Founded in 2000
50 people in their team
English
Who we AreJUS PARTNERS was established on 22nd February 2000 with a determination on the part of the Partners to build a first class rated law firm. Over eight years on, the firm has earned its reputation of consummate legal practice in virtually all areas of its law practice which cut across both...
SAGE HILL ATTORNEY

SAGE HILL ATTORNEY

15 minutes Free Consultation
Abuja, Nigeria

Founded in 2022
5 people in their team
English
Sage Hill Attorney | Expert Legal Services in Civil Litigation, Corporate Law, Real Estate, and MoreSage Hill Attorney is a dynamic and client-focused law firm committed to delivering exceptional legal services to individuals, businesses, and institutions. Our team offers extensive expertise across...
Adebayo Adelodun & Co.
Abuja, Nigeria

Founded in 1988
50 people in their team
English
Welcome to Adebayo Adelodun & Co.Adebayo Adelodun & Co. is a law firm established in 1988 and set up on high ideals of Honor, Integrity, Hard work and Trust, which ideals are brought to bear in the handling of our clients’ matters.The firm’s client base includes local and international...
Akinboro and Co
Abuja, Nigeria

Founded in 1996
50 people in their team
English
About UsThe Law Firm of Akinboro & Co, is a model firm of legal practitioners, established on 6th December, 1996 and has over the years carved a niche for itself in the legal profession through its vibrant, pragmatic and holistic team approach to legal issues which has birthed in client’s...
A A Abdullahi Law Firm
Abuja, Nigeria

Founded in 2020
33 people in their team
English
Kano-Based Law Firm | A A Abdullahi Law Firm  Trusted Legal Solutions GloballyA A Abdullahi Law is a seasoned law firm based in Kano, Nigeria, renowned for its dedication to delivering ethical and professional legal solutions. Our team comprises highly skilled professionals equipped with...
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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.