F.A.Q

FREQUENTLY ASKED QUESTIONS FOR SOLUTION HOUSING ESTATE AGUABA

QUES. 1 – WHAT IS UNIQUE ABOUT SOLUTION ESTATE AGUABA? 

ANS:  Solution Estate Aguaba, Awka is the first smartly designed housing estate in the capital city, with all the features of a modern-day housing Estate, tailored to accommodate a different class of earners.

QUES. 2 – WHAT IS THE PROJECT DELIVERY PERIOD? 

ANS:  24 Months

QUES. 3 – WHAT HOUSE TYPES ARE AVAILABLE? 

ANS:   i. The Smart 5-Unit Terrace Duplexes

ii. The Smart 4-Unit Terrace Duplexes

iii. The Smart 3-Unit Terrace Duplexes

iv. The Smart Semi-Detached Duplexes

v. The Smart 2 Bedroom Block of Flat

QUES. 4 – DO YOU HAVE A MORTGAGE PAYMENT PLAN? 

ANS:  YES

•     Cooperative Mortgage Loan
•     National Housing Fund Loan
•     Inclusive of Diaspora Mortgage.

QUES. 5 – ARE THERE ANY OTHER HIDDEN CHARGES? 

ANS: The cost of Houses is inclusive of Infrastructure cost.

• Cost of Mortgage Packaging and documentation and Title is calculated by the concerned organization, in which case are, The Federal Mortgage Bank, The AG Mortgage Bank, and the Ministry Of Lands and Urban Planning Anambra State.

QUES. 6 – WHAT INFRASTRUCTURES ARE AVAILABLE ON COMPLETION? 

ANS: Paved Double Lane Road network,

• The double-sided covered Drainage system, with good landscaping.
• Electricity, water, Security, and CCTV Coverage.
• Shopping Complex, Clinic, and recreation area.

QUES. 7 – WHAT TITLE DOCUMENT WILL I GET AFTER THE COMPLETION OF PAYMENT? 

ANS: Power of attorney and Certificate of Occupancy (Issued by the Ministry of Lands)

QUES. 8 – WHAT IS THE PAYMENT PLAN WITHOUT THE MORTGAGE? 

ANS: Initial Deposit – 30%

• Payment of 70% to be paid within 24 months, to be accompanied by the letter of offer.

QUES. 9 – WHAT IS THE GUARANTEE FOR OBTAINING NHF LOAN? 

ANS: As Long as the applicants meet the stipulated qualification, NHF is guaranteed.

QUES. 10 – WHO IS THE DEVELOPER OR TEAM OF DEVELOPERS? 

ANS: Solution Estate Nig Ltd, Elite Minds Cooperative Society Ltd, D4 Solutions Ltd, and other Partners

QUES. 11 – IS THE PROJECT APPROVED BY THE STATE GOVERNMENT? 

ANS: Yes

QUES. 12 – IS THERE A PROVISION FOR SELF-EMPLOYED INDIVIDUALS TO OBTAIN MORTGAGES? 

ANS: YES, There is a provision for the registration of self-employed who are interested

QUES. 13 – AFTER PAYMENT OF THE DEPOSIT, WILL I GET AN ALLOCATION? 

ANS: An offer letter will be issued after payment of the deposit, and allocation will be issued on completion of payment

QUES. 14 – IS THERE ROOM FOR A DIASPORA MORTGAGE? 

ANS: YES, with a maximum tenor of 10 years.

QUES. 15 – WHAT IS THE TENOR FOR MORTGAGE REPAYMENT?

ANS: Nigerian-based applicant gets a maximum of 30 years Mortgage payment plan

• Diaspora Nigerians get a maximum of 10 years of Mortgage payment plan.

QUES. 16 – CAN I SELL MY ALLOCATION TO A THIRD PARTY? 

ANS: The allocation can only be transferred after the completion of payment and even then the Scheme must be informed in writing.

QUES. 17 – AM I ALLOWED TO MAKE ALTERATIONS TO THE PROPERTY AFTER THE COMPLETION OF PAYMENT? 

ANS: No external alterations will be allowed without the approval of the Management Committee.