Buy Your Dream Home

INTRODUCTION:
The Nigerians in Diaspora Mortgage is a need- induced product, packaged to assist gainfully employed Nigerians living abroad to actualize their desire to own property in Nigeria and invest in the real-estate sector of our economy. This facility is available for:

1. Purchase of residential landed property.
2. Purchase of completed residential property.
3. Purchase of residential property under estate development floor plan.
4. Purchase of market shops/stalls in Government approved areas.
5. Refinance of existing owned residential properties.

BENEFITS:

• Assurance of dealing with a credible progressive mortgage institution.
• Opportunity to own a home in your fatherland.
• Investment in the blooming real estate sector of the Nigerian market.
• Ensure safe and secure application of funds.

WHO IS ELIGIBLE:

1. Employed Nigerians in Diaspora:
   This is any individual that is gainfully employed for a period not less than 1year. He/ She must be a confirmed employee of the organization.
2. Self- Employed Nigerians in Diaspora:
   An individual engaged in a professional business or vocation for a period of not less than 3years.

EQUITY CONTRIBUTION
The following equity contribution applies:

TENOR
The facility shall be available for a maximum tenor of 15 years subject to the following:

• Applicant must not be older than 45 years at the time of securing facility, to be entitled to the maximum tenor.
• Proof of years to retirement (must be greater than tenor of facility).

PRICING
Highly Competitive.

GUIDELINE FOR APPLICATION:

• Log onto www.bankphb.com or nida.bankphb.com
• Click on NIDA download and fill the account opening form. Other instructions for the account opening process are on the page.
• Go back and click on Buy your dream home (NIDM.)
• Download and complete NIDM application form.
• Download and complete credit check authorization form.
• Forward completed application and credit check authorisation form to our agents with supporting documents to include but not restricted to:
  • Evidence of Legal Residency.
  • Copy of unexpired passport.
  • Statement of accounts for the immediate past 6 months.
  • Pay-slips/advice for the past 6months if employed. along side a letter from employers confirming monthly income.
  • Submission/execution of all documents necessary for perfection of legal mortgage on the property by the applicant:
    • Tax Clearance Certificate, Ground Rent Receipt, Development Levy Receipt and Tenement Rate Receipt.
• Formal instruction from the applicant to the vendor/estate developer instructing/authorizing him to release the title documents - deed of assignment/deed of sub-lease of the property to the Bank when available.
• Original receipt of payments made to Estate Developer (if any).
• Any other document that is deemed necessary for the appraisal of the mortgage request by the bank.
• Offer letter from the vendor of the property.
• Copy of title document.
• Approved Building Plan (Land purchase excluded).
• Undertaking from vendor, estate developer, his solicitor or agent to submit valid title documents on the property directly to the Bank when available.
• Valuation report on property from a Bank approved valuer indicating market and forced-sale value of the property.
• Satisfactory search report on the property from a Bank approved lawyer.
• Receive notification and details of NID Account opened
• Remit relevant equity contribution to NID Account through our EASY Remit or any of our correspondent bankers.
• Applicant funding purchase 100% shall remit 5% of cost of property as service charge.
• Receive from Mortgages PHB/Agent the following documents:
  • Offer letter.
  • Legal Mortgage charge forms.
  • Insurance PHB or Legacy Insurance Brokers contract form and doctors declaration.
• Complete forms and forward to agent.
• Receive advice of disbursements.

Our referrals you can contact include;

Contact Name	Address	Contact etails
Prince Olu Ikubuwaje	Realgate Properties Limited, 45 Longford Street Manchester, Lancashire M18 8QG United Kingdom.	Tel: 01-612179157, 07956009223 E-mail : realgateproperties@yahoo.com
Paul McDermott	Sterling Partnership 5-7 Southwark Street London SE1 1RQ	Tel: +44(0)2073577718, +44(0)2073577794 E-mail : paul.mcdermott@sterlingpartnership.com
Victor Diji	MR Finance 463 Alper Street, (Bayview & Elgin Mills) Richmond Hill, ON Canada L4C 2Z5	Tel: Cell (647) 818-FUND (3863) Fax: 905-508-5177 Toll Free Fax: 1-866-677-8117 Office: 905-508-5003 Toll Free: 1-888-508-5003 Email: Victor@zavic.com
Tunde Akande	HM Finance Limited 28 Sutherland Road Enfield, London	Cell: 079 - 5184 - 9777 Tel: 020 - 8518 - 7700 Fax: 020 - 8518 - 7710 Email: tunde@hmfinance Website: www.hmfinance.org

For further information, please contact

NGOZI OKECHUKWU
Email- NgoziOkechukwu@bankphb.com
Phone- 08033271563, 07028768788, 01-2798055, 01-2793751

BOLA OGUNSOLA
Email- BolajiOgunsola@bankphb.com
Phone- 08034774150, 08082084086, 01-4611608,

Download Forms

NIDM LOAN APPLICATION FORM

NIDM CREDIT CHECK AUTHORISATION FORM

NIDM APPLICATION

NIDM CREDIT CHECK

Account Opening Form [PDF]

Account Opening Form [Doc]