Shalom Royal Gardens goes for zero mortgage rate

Management of the firm said offered at a budget-friendly price, the houses are for outright payment and mortgage facilities at zero interest rate for customers paying within 12 months at equal instalments. There are also special concessionary interest rates for prospective buyers.
 Shalom Royal Gardens Estate, located opposite MFM Prayer City along Lagos-Ibadan Expressway, comprises 42 blocks of four three-bedroom flats which translates to 168 housing units. The company said it will redefine luxury living by offering dwellers a unique lifestyle.
 The Managing Director and Chief Executive Officer of Jubilee Life Mortgage Bank Limited, Mr Wale Osisanya, explained that the company developed Shalom Royal Gardens Estate targeting 500 blocks of four three-bedroom flats on the outskirts of Lagos.
“Jubilee Life is completing the Shalom Royal Gardens Estate project on the outskirts of Lagos as a selection of high quality homes designed, built, and crafted with purpose. The estate is expected to foster community relationship setting where each homeowner will have a wholesome relationship with neighbours. We are, therefore, imploring upwardly mobile career professionals to move into this impressive serene estate and enjoy life in one of the luxurious three-bedroom flats with all rooms en suite,” Osisanya said.
 He also said: “The homes are ideal either for the young, independent executive with a fine eye for quality living or a young family desirous of a safe home to grow up in. Also, professional people on contract, multinational firms seeking a sound investment in corporate accommodation, international or local investors seeking to add to a dynamic, high performance quality portfolio with excellent return on investment will find homes that will match their intentions.”
According to Osisanya, prospective homeowners and institutional investors will have good title documents, high standard finishing, and secured gate community.
 Rising from the recapitalization exercise of the Primary Mortgage Institutions (PMIs) in the country, Jubilee Life Mortgage Bank Limited attained national PMB status having made the N5 billion minimum capital base.
 The company was listed among the 36 mortgage firms that scaled the hurdle and obtained the Central Bank of Nigeria’s license to administer mortgage financing in Nigeria.
 Ten mortgage firms including Jubilee Life Mortgage Bank Limited received approval to remain in business with operating licenses as national mortgage banks while 26 other mortgage banks got approval to operate with state license.