Best Mortgage Lawyers in Nigeria

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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...

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,...
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Moland Partners
Port Harcourt, Nigeria

Founded in 2000
50 people in their team
English
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...
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Founded in 1976
50 people in their team
English
Olisa Agbakoba Legal (OAL) is a leading world class legal solutions provider with clients in diverse sectors of the Nigerian economy. Our diversified skills ensure that we provide innovative legal solutions to our clients. At OAL, we are always devoted to our EPIC values: our excellence,...
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Adeola Oyinlade & Co
Lagos, Nigeria

Founded in 2014
21 people in their team
English
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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CO-dunni Law Solicitors

CO-dunni Law Solicitors

15 minutes Free Consultation
Lagos, Nigeria

Founded in 2019
3 people in their team
English
Yoruba
We believe that each client has a specific Legal solution designed for him. Send us messages directly. Thus solving his Legal problems. Our Law Firm has the following Lawyers Civil litigation lawyers, Criminal Lawyers,  loan recovery Lawyer,  employment lawyers Retirement lawyers, banking...
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FOLEGAL
Ikeja, Nigeria

Founded in 2000
10 people in their team
English
WHO WE AREFOLEGAL is a trusted Law Firm in Nigeria providing outstanding regulatory, litigation and transactional solutions to clientsโ€™ most complex challenges. We combine the knowledge, experience and energy of the whole firm to creatively solve our clientsโ€™ toughest challenges and deliver...
Principles Law Partnership
Port Harcourt, Nigeria

Founded in 2003
50 people in their team
Our StoryPrinciples Law Partnership is a firm of Barristers, Solicitors, Arbitrators, Notaries Public and Registered Capital Market Consultants.It has its offices in Port Harcourt, Rivers State and Lekki, Lagos.Principles Law Partnership was founded in 2003 by Mrs. Miannaya A. Essien SAN, FCI Arb.,...
Siji Soetan & Co
Lagos, Nigeria

Founded in 1980
50 people in their team
English
Company OverviewSiji Soetan & Co., is a Nigerian business and energy law firm. Chief Siji Soetan, a former Solicitor-General of Nigeria, founded it in 1980. From its beginnings with only a few solicitors/attorneys Siji Soetan & Co has grown to become one of the most respectable law firms in...
Olaniyi Okin & Co.
Ibadan, Nigeria

Founded in 1992
10 people in their team
English
Know about usProven Experience and Practical KnowledgeWe render international standard legal and alternative dispute resolution services which are smart, rapid and affordable. We take a comprehensive approach to your legal needs and provide you with efficient solution. We pride ourselves on our...
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About Mortgage Law in Nigeria

Mortgage law in Nigeria governs the legal framework around the use of property or real estate as collateral for a loan. This allows individuals to borrow money from a lender, using their property as security. If the borrower fails to repay the loan, the lender can take possession of the property.

Why You May Need a Lawyer

There are various situations where you may need a lawyer for mortgage-related matters in Nigeria, such as reviewing mortgage agreements, handling foreclosure proceedings, resolving disputes with lenders, or negotiating terms on your behalf.

Local Laws Overview

In Nigeria, the key laws that govern mortgage transactions include the Land Use Act, the Mortgage Institutions Act, and the Secured Transactions in Movable Assets Act. These laws outline the rights and responsibilities of parties involved in mortgage agreements.

Frequently Asked Questions

1. What are the requirements for obtaining a mortgage in Nigeria?

In Nigeria, to obtain a mortgage, you typically need to provide proof of income, have a good credit history, and meet the lender's eligibility criteria.

2. How long does the mortgage process usually take?

The mortgage process in Nigeria can vary, but it usually takes several weeks to months from application to approval and disbursement of funds.

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

If you default on your mortgage payments, the lender can initiate foreclosure proceedings to take possession of the property used as collateral.

4. Can I negotiate the terms of my mortgage agreement?

Yes, you can negotiate the terms of your mortgage agreement with the lender. It is advisable to have a lawyer review the terms before signing.

5. Are there any government programs to assist with mortgages in Nigeria?

Yes, there are government programs such as the National Housing Fund that provide support for affordable housing and mortgage financing in Nigeria.

6. What fees are involved in obtaining a mortgage?

There are various fees involved in obtaining a mortgage in Nigeria, such as application fees, legal fees, valuation fees, and stamp duties.

7. How can I protect my rights as a borrower in a mortgage agreement?

To protect your rights as a borrower, it is advisable to have a lawyer review the mortgage agreement before signing and ensure all terms are fair and reasonable.

8. Can I pay off my mortgage early?

Yes, you can pay off your mortgage early in Nigeria. However, there may be prepayment penalties or fees, so it is important to review the terms of the agreement.

9. What are the consequences of filing for bankruptcy with a mortgage?

If you file for bankruptcy with a mortgage in Nigeria, it can affect your ability to keep the property and may lead to foreclosure proceedings by the lender.

10. How can a lawyer help me with mortgage-related legal issues?

A lawyer can help you understand your rights and obligations under a mortgage agreement, negotiate terms with the lender, represent you in legal proceedings, and protect your interests in case of disputes.

Additional Resources

For additional resources related to mortgage law in Nigeria, you can contact the Federal Mortgage Bank of Nigeria, the Mortgage Banking Association of Nigeria, or consult with a local legal aid organization for assistance.

Next Steps

If you require legal assistance with mortgage-related matters in Nigeria, it is advisable to consult with a qualified and experienced mortgage lawyer who can provide you with the necessary guidance and representation to protect your rights and interests.

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