Critique Of The Effect Of Land Use Act On Legal Mortgages In Nigerian Financial Institutions

This study on a critique of the effect of land use act on legal mortgages in Nigerian financial institutions. Mortgage financing are structured financial arrangements provided by approved financial institutions that accept real estate as security for the loan. Basically, mortgage financing is used to acquire or purchase or develop a property. However, it is also used to access the equity on an existing property. This research work examined various mortgage financing policies in Nigeria, highlight their performance with a view to identify the challenges inhibiting the optimal performance of the mortgage financing structure in Nigeria and suggest the way forward. The methodology adopted was a trend analysis of the various components of the policy measures of the sector. The research however, found that low awareness about existing mortgage financial arrangements, low financing capacity of the mortgage institutions and inefficient legal framework among others, remained the major impediments to the growth of the sector. It recommended that identification of new sources of financing of mortgage institutions, streamlining of legal documentation framework and an active participation of the private sector would position the sector to perform optimally and contribute to the overall economy

• Critique View Of Compensation Under The Land Use Decree

• Law Project Topics and Materials