Yinka Kolawale
17 November 2008
Union Homes Savings and Loans Plc, one of the leading primary mortgage institutions (PMIs) in Nigeria, has kick-started its new housing project at Abuja, the Federal Capital Territory to develop 100 housing units on a 45 hectares of land in Kuje district.
This first phase of the project which is expected to be completed early next year will comprise semi-detached and fully detached bungalows in one, two and three bedroom categories.
A statement by the Assistant General Manager, Corporate Affairs of the PMI, Mr. Uche Onyeabo, further disclosed that the mortgage firm has opened two more branches - one in Apapa, Lagos and the other in Garki, Abuja.
He added that arrangements are also in top gear to open other branches in Akure, Asaba, Enugu and Yenagoa, to further spread the firm's current network of branches. By the new additions, Union Homes currently has a network of 23 branches nationwide.
He said that the new branches would be effective sources to access Union Homes' various mortgage finance products, designed to assist its clientele in different economic brackets to obtain mortgage facilities and promptly own their own homes.
Union Homes' wide array of products include the newly introduced Hybrid Real Estate Investment Trust (REIT), and Home-At-Home Scheme (HATHS), specifically designed to assist Nigerians in Diaspora to own houses back home, without encumbrances.
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