Best Mortgage Lawyers in Lagos

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Guidance Law Firm
Lagos, Nigeria

Founded in 2004
20 people in their team
English
Real Estate Mortgage Commercial Real Estate +9 more
Guidance Law Firm | Full-Service Legal Practice in NigeriaGuidance Law Firm is a full-service law firm based in Nigeria, offering strategic legal solutions to individuals, businesses, and institutions. With a reputation for excellence, integrity, and client-focused advocacy, we handle a wide range...
Adeola Oyinlade & Co
Lagos, Nigeria

Founded in 2014
21 people in their team
English
Real Estate Mortgage Natural Resources +4 more
Adeola Oyinlade & Co. is a leading full-service law firm with its head office in Lagos, Nigeria. As a leading law firm in Nigeria, we offer a variety of legal services to a vast range of national and foreign clients.The firmโ€™s corporate, commercial and business advisory expertise covers...

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Moland Partners

Moland Partners

15 minutes Free Consultation
Lagos, Nigeria

Founded in 2000
50 people in their team
English
Real Estate Mortgage Natural Resources +9 more
Moland Partners is an advisory and consultancy law firm made up of a team of highly driven professionals with in-depth knowledge of corporate and commercial law, real estate advisory, corporate governance and immigration. Our expertise positions us to offer the most practical solution to challenges...
JUS PARTNERS
Lagos, 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...
Mandel Solicitors

Mandel Solicitors

30 minutes Free Consultation
Lagos, Nigeria

Founded in 2016
10 people in their team
English
Mandel Solicitors is a Nigerian full-service commercial law firm offering specialized client-focused legal services on Intellectual Property, Startup, Telecommunications, Technology, Media and Entertainment and Dispute Resolution. We are regarded as the 21st century Nigerian law firm for innovative...

Founded in 1965
200 people in their team
English
Afe Babalola & Co. | Top Law Firm in Nigeria for Litigation & Legal AdvisoryAfe Babalola & Co. (Emmanuel Chambers) is a leading full-service law firm in Nigeria, renowned for excellence in advocacy, commercial law, and legal advisory. Founded in 1965 by Aare Afe Babalola, SAN, CON, OFR,...
Path Solicitors
Lagos, Nigeria

Founded in 2009
50 people in their team
English
Our firmPath Solicitors is a bespoke and client-focused law firm of seasoned and dynamic legal practitioners with solid corporate, commercial and dispute resolution experiences. The Firm is built on solid foundations of ethics, excellence and client satisfaction. We choose a collaborative approach...

Founded in 2000
50 people in their team
English
OverviewDETAIL is distinct as Nigeria's first commercial solicitor firm to specialise exclusively in non court-room practice. Based in Lagos, Nigeria's business capital, DETAIL is well regarded as a firm committed to meeting client objectives and dealing with the minutiae. Our clients include...
P.O OHIKHENA & Co
Lagos, Nigeria

Founded in 2021
4 people in their team
English
We are an impeccable and client focused law firm. We are involved in company secretarial services, act as legal advisers and consultants. Our team consists of persons of high level of experience and legal competence. We have made our impact in diverse areas of Law such as management of...

Founded in 2016
10 people in their team
English
Benfield Attorneys and Solicitors (BAS) is a leading corporate and commercial law firm based in Lagos, Nigeria. Since established in 2016, BAS has been at the forefront of developments in commercial and corporate practice in Nigeria and has continuously rendered sound technical advice and tailored...
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About Mortgage Law in Lagos, Nigeria

The mortgage law in Lagos, Nigeria, finds its basis in the Lagos State Mortgage and Property Law of 2010. This law provides an enabling environment for mortgage institutions to grant loans to deserving and ready individuals to acquire property. The law also includes regulations to resolve disputes concerning mortgages and protect the rights of all involved parties, including lenders and borrowers.

Why You May Need a Lawyer

Engaging a lawyer in mortgage-related transactions could be beneficial for several reasons. For instance, if you're a first-time homebuyer, a lawyer can help you understand the terms of the mortgage agreement. In cases where disputes arise regarding foreclosure, repossession, or breach of agreement, a lawyer can represent you and protect your interests. Lawyers also play an essential role in negotiating mortgage loan modifications or refinancing where applicable.

Local Laws Overview

The Lagos State Mortgage and Property Law 2010 is the foundational legislation governing mortgages in Lagos. This law lays out the rules regarding the establishment and operation of a mortgage institution, the issuance of mortgage-backed securities, and the imposition of duties on mortgage institutions. It also provides for the rights and responsibilities of borrowers and lenders, as well as procedures for the recovery of mortgage loans.

Frequently Asked Questions

What is the Process of Taking Out a Mortgage in Lagos, Nigeria?

Taking out a mortgage in Lagos follows a series of steps, including applying with an authorized mortgage institution, fulfilling the requirements, getting pre-approved, selecting a property, and finally closing the deal. A lawyer can guide you through the complex process to avoid any pitfalls.

What Legal Protections Do I Have as a Borrower?

The Mortgage and Property Law 2010 provides various protections for borrowers. For instance, it imposes a duty on mortgage institutions to treat borrowers fairly, including providing clear and comprehensive information on the mortgage conditions.

Can I Modify My Mortgage Loan?

Yes, you can, under certain circumstances, modify your mortgage loan. This however requires legal procedures, which a lawyer can guide you through.

What Happens if I Default on My Mortgage Payments?

If you default on your mortgage payments, the mortgage institution has the right to possess and sell your property to recover the loan. However, they must follow the legal foreclosure processes as outlined in the Mortgage and Property Law.

Can a Lawyer Represent Me in Court if A Dispute Arises?

Yes, a lawyer can represent you in court should a dispute arise concerning your mortgage agreement. They can also negotiate on your behalf with the mortgage institution.

Additional Resources

For more resources on the Mortgage law in Lagos, you can refer to the official website of the Lagos State Government or contact the Lagos State Ministry of Housing. The Mortgage Bankers Association of Nigeria and the Nigeria Mortgage Refinance Company also provide comprehensive resources and support for those dealing with mortgage issues.

Next Steps

If you need legal assistance with your mortgage, consider seeking professional help. Find a lawyer who specializes in mortgage law and schedule a consultation. They can help you understand the landscape of mortgage law in Lagos and advocate on your behalf. Remember to bring all necessary documents related to your mortgage for a productive conversation.

Lawzana helps you find the best lawyers and law firms in Lagos 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 Lagos, 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.