Firm To Construct Houses For Low Income Earners

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A property development firm, the UT Financial Services Limited has raised hope of low income earners in the Niger Delta towards owning a home, as the company is putting things together to build affordable, low cost houses in the region.
Making the intention of the firm known in an interview with aviation correspondents at the Port Harcourt International Airport Omagwa,Monday, the Chief Executive Officer of the company, Ade Adebanjo said the company was already in talks with the Rivers and the Bayelsa state governments on the project.
He said that the Bayelsa project would come up soon as the response there is fast, adding that their target is the low and medium income earners.
According to him, the company has already made remarkable impact in other States like Lagos and Ogun with numerous affordable low cost houses for medium and low income earners
“ There is hope for the Niger Delta, and very soon, Bayelsa will come up. Mortgages are available for people who may not pay cash immediately, but will pay initial deposit and pay the balance gradually.
“Husband and wife who are civil servants can come together, put their savings together and acquire a property. It is better to own a home than to keep on renting.
“I do not want any body to be discouraged to buy, we can extend the mortgage tenure up to 15 years. We are also reducing the interest rate continuously so that people can afford it,” he said.
Adebanjo, however, clarified that such programme can be easily achievable if state governments partner with them by providing land,while they finance the project.