Best Ways To Buy A House In Lagos And Pay Instalmentally

For many hardworking Nigerians, the dream of buying a house in Lagos, the bustling economic hub of Nigeria where opportunities and challenges collide, can often feel like chasing a daunting dream. There is no easy way to put it: buying a house in Lagos can be a challenge that some would may surmount without the right guidance.

For countless hardworking Nigerians, the aspiration to own a house in Lagos Nigeria’s vibrant economic nerve center remains a powerful yet often overwhelming goal. Lagos, with its mix of immense opportunities and equally intense challenges, represents both promise and pressure for prospective homeowners.

Let’s face it: buying a house in Lagos isn’t always a straightforward process. Between skyrocketing property prices, legal complexities, and the risk of falling victim to fraudulent developers, the journey can feel more like a maze than a milestone. Without the right information, trusted guidance, and a solid financial plan, many people struggle to take the first real step toward homeownership in the city.

Yet, it’s not impossible. With strategic planning, reliable payment options like instalment plans, and guidance from reputable real estate professionals, that dream can become achievable. The key lies in being proactive doing the research, asking the right questions, and aligning your goals with realistic, actionable steps. For those determined to own a house in Lagos, preparation is the bridge that turns the dream into a durable, rewarding reality.

Imagine a young IT professional in Ikeja, earning a decent salary but staring at property listings where a modest two-bedroom flat house in Lagos, in Sangotedo costs three times their annual income. Saving for a down payment could take decades, especially with Lagos’ rising cost of living. Or consider a middle-class family in Surulere, eager to upgrade to a safer, more spacious home in Gbagada but forced to divert funds to urgent needs like school fees or medical bills. These scenarios are not unique; they reflect the harsh reality of Lagos’ real estate market, where financial constraints turn homeownership into a distant goal. 

Even for those who can afford a house in Lagos, the pressure to prioritize immediate needs often overshadows long-term investments. A Lagos-based entrepreneur might opt to channel profits into expanding their business rather than locking funds into a mortgage, sacrificing the stability of owning a house in Lagos. Others, enticed by flashy ads for luxury apartments in Ikoyi or Sangotedo, may stretch their budgets only to realize the burden of maintenance fees and property taxes. 

In Lagos, where property prices soar and demand outstrips supply, installment payment schemes have become a lifeline for those who want to buy a house in Lagos or even apartments in the State. Yet, without proper guidance, buyers risk falling into debt traps or losing their investments entirely to deceptive real estate firms.

The Lagos market is a labyrinth of options, from affordable estates in Ikorodu to multimillion-naira penthouses in Victoria Island. But navigating it requires more than luck. Thousands of real estate firms compete for attention, some peddling fraudulent deals. A teacher in Alimosho might fall prey to a “too-good-to-be-true” offer, only to realize the land lacks proper titles. Another buyer, dazzled by glossy brochures, might ignore due diligence and end up in a legal battle over disputed property. 

Understanding market trends, verifying documentation, and negotiating payment terms can mean the difference between securing a house in Lagos and losing life savings. In Lagos, where the stakes are high and the rules are ever-changing, informed decisions are not just smart—they’re essential. 

Purchasing a house in Lagos is a major milestone, but it’s also a high-stakes investment that demands careful planning. In a city where the real estate market is fast-paced and constantly evolving, taking the time to understand market trends, verify property documents, and negotiate favourable payment terms can make all the difference between owning your dream home and losing your life savings.

The reality is, buying a house in Lagos comes with both opportunity and risk. Property values shift rapidly, government regulations change frequently, and unfortunately, fraudulent schemes are not uncommon. Without due diligence, buyers can easily fall into traps such as acquiring land with questionable titles or committing to vague instalment agreements that offer no legal protection.

That’s why making informed decisions isn’t just advisable it’s essential. Before you commit to buying a house in Lagos, ensure you carry out thorough checks, work with certified professionals, and demand full transparency from developers or agents. In a market as competitive as Lagos, the right knowledge is not just an advantage it’s your best line of defense.

Buying a house in Lagos isn’t just a transaction; it’s a journey fraught with hurdles. But with the right strategy and support, even the most daunting dreams can take root in this vibrant, relentless city.

Introducing the PWAN Stars‘ Easy Pay Scheme

For decades, Nigeria’s National Housing Fund (NHF) has been the go-to solution for aspiring homeowners who desire mortgage home financing options. But with its rigid eligibility criteria, limited loan amounts, and bureaucratic delays, many Nigerians—especially first-time buyers—are left waiting years for a chance to own a home. Enter PWAN STARS Easy Pay: a revolutionary scheme designed to bypass NHF’s shortcomings and put the power of homeownership back into your hands. 

The Easy Pay Scheme is PWAN Star’s latest solution to make the home ownership dreams of middle-income earning Nigerians come true.

The PWAN Stars Easy Pay Scheme is open to any Nigerian whether in paid or self-employment who is 18 years old and above, especially first-time home buyers that do not own any property anywhere in the world. Such interested Individuals would be able to take a mortgage loan to finance property acquisition to the tune of up to N70m, for a maximum tenure of 20 years at an interest rate ranging from 12% – 17%. Great deal, right? 

Furthermore, the PWAN STARS Easy Pay allows you to buy a house in Lagos, off plan at any time, provided your mortgage offer is valid through the completion of the project. However, such individuals must be able to provide the required deposit and take responsibility for extra fees that would be discussed in the transaction.

Breaking it down further, here are some advantages of the Easy Pay Scheme that makes it instantly preferable to any other mortgage scheme in Nigeria today:

1. Inclusivity for All: Unlike the NHF, which often comes with stringent eligibility criteria, the Easy Pay Scheme offers less stringent criteria allowing for more Nigerians to benefit. The scheme is Open to any Nigerian aged 18 and above regardless of employment type (paid or self-employed).  Even as a fashion designer earning a relatively stable income, you can apply for the loan, bypassing NHF’s rigid payroll mandates. 

First-time buyers globally qualify—even Nigerians abroad can invest in Nigerian property. 

2. Bigger Loans with Longer Tenures: With the FHF, Nigerians can dream bigger as they now have the opportunity to get a loan of up to N70 million with tenures stretching to 20 years, making monthly payments manageable. This is unlike in the past when the only option available offered less than N50 million in loan. Recently, Mr. and Mrs. A. Adeshina a young couple in Lagos used PWAN Stars installment payment plan to finance the acquisition of house in Lagos, at the recently opened The Edifice Apartments in Sangotedo.

Speed & Simplicity: A third advantage of the Easy Pay Scheme is the speed of processing and the simplicity that comes with it. Without having to wait for many years, even perpetually, applicants of the FHF scheme can submit their application ans expect to receive their loans in record time eliminating unnecessary delays. The process is also transparent once required documents are submitted.

Off-plan purchases: With the FHF, buyers can enjoy long-term off-plan purchases significantly cutting down risks of loss. This means that your mortgage remains valid until project completion. 

There are many more advantages. However, it’s important to note that In a nation where NHF’s delays and restrictions leave millions behind, PWAN STARS Easy Pay emerges as the smarter, faster, and more inclusive alternative. With higher loans, flexible terms, and unwavering support, Nigerians can rethink homeownership with installment payment options with convenience.

Process Flow for Owning your property through the PWAN Stars Easy Pay

Like the NHF, the PWAN Stars Easy Pay Scheme has a clear process of establishment.

• Indicate interest in your desired property by contacting the PWAN Stars either directly or through one of our registered realtors
• Fill the necessary documentation (including opening an account with PWAN Stars’ partner mortgage bank
• Make a deposit as your equity contribution to the Company’s designated building account.
• After all conditions have been met, the mortgage partner and FHF will cover the majority of the house in Lagos cost, thereby paying for the home and handing over the keys to you, and voila, you are a home owner!

The Mortgage Provider Partner

Every Easy Pay Scheme transaction has a mortgage provider that carries out the following services:

• Works on behalf of FHF to signpost potential buyers towards Easy Pay Scheme.
• Carry out eligibility and sustainability check on applicants.

Guide buyers through the process of securing mortgage to buy a house in Lagos and issue the approvals to lawyers on buyers’ behalf.

Acquiring PWAN Stars products through the Easy Pay Scheme

Leveraging on this option, PWAN STARS has made life easier for investors and aspiring home owners who wish to buy a house in Lagos, and enjoy the convenience of monthly payment to acquire their desired properties. You can acquire any of our properties at PWAN Stars, including The Statement Residences, The Edifice Apartments and The Cynosure Apartments, amongst others, if you fulfil the conditions, which include being a Nigerian in paid or self-employment, and 18 years old and above, then you are on your way to acquiring your property.

With the Easy Pay (FHF) you are better placed to invest in all products of PWAN Stars, located in Sangotedo, Lagos, Nigeria. For instance, you can acquire a piece of the Cynosure Apartments by paying as low as N150k monthly, subject to terms and conditions reviewable from time to time by PWAN Stars.

The Cynosure Smart Apartment is a product of PWAN Stars located Off Monastery Road, Sangotedo, Lagos, Nigeria. The apartment, which features state of the arts facilities, is located in a safe and secure environment and designed for optimal ease, comfort and function, for everyone who want to buy a house in Lagos.

A standout feature of the Cynosure Smart Home Apartments is its smart home automation system. This cutting-edge technology allows residents to control various aspects of their home, such as lighting, heating, and security, through their smartphones or other devices. Imagine being able to adjust the temperature in your apartment or check on your security cameras from anywhere in the world – that’s the kind of convenience and peace of mind the smart home system offers. This is in addition to the access to fully-equipped gym on-site as well as the 24/7 provision of wifi internet access to residents.

Guess what? All these come at a price that will blow your mind away. For instance, a semi-finished 1 Bedroom Apartments costs N27 million, 2 Bedroom Apartments cost 39 million with negotiable monthly installment payment option.

You could also choose The Statement Residences, which is a set of premium apartments within reach, for everyone who want to buy a house in Lagos.

While luxury apartments are typically associated with high price tags, The Statement Residences offers a more affordable option for middle-class Nigerians who desire a life of quality living in Sangotedo. The combination of high-end amenities and competitive pricing makes it one of the best value-for-money real estate options in Lagos.

Statement Residences brings to life a perfect fusion of luxury and lifestyle through 36 carefully crafted units, offering an extraordinary living experience. 

For anyone living in Lagos or planning to buy a house in Lagos, if you desire a home where functionality and security come together to create a true sanctuary, The Statement Residences is the perfect choice. 

Stepping into any of our units—available in 1, 2, and 3-bedroom configurations (with BQ)—you will discover a haven of relaxation right in the heart of Lagos, Nigeria.

The Statement Residences also boasts an impressive range of world-class amenities designed to enhance residents’ well-being. From the refreshing swimming pool to the fully equipped fitness center, outfitted with modern equipment to cater to all your exercise needs, you will enjoy a truly remarkable living experience. The tranquil green spaces surrounding the property offer a peaceful retreat from the city’s fast pace, making it one of our most exceptional offerings—an opportunity not to be missed.

Its strategic location in Sangotedo and ease of access makes it a top choice for people looking for great options.

Also, with its focus on providing a comfortable and convenient lifestyle, The Statement Residences offers residents access to modern amenities, secure living, and a community-focused environment. For families, professionals, and retirees alike, this development presents a well-rounded lifestyle option.

The Statement Residences is one of PWAN Star’s products covered by the FHF and you can jump on it today to own an apartment there.

Next is the Edifice Apartments

Strategically located between Crown Estate and Fara Park Estate, recently launched The Edifice Apartments, Sangotedo is another product covered by FHF. The Apartments benefits from well-maintained roads and a reliable power supply, ensuring residents enjoy a secure and comfortable environment.

What distinguishes The Edifice Apartments is not only its prime location but also its thoughtfully designed interiors. Each unit boasts two or three-bedroom layouts, all with en-suite bedrooms and modern amenities that elevate the living experience. The spaces are expertly crafted to blend functionality with aesthetics, creating a welcoming atmosphere for residents.

With both fully finished and semi-finished options, these apartments allow for personalization based on your budget and preferences. The kitchens feature ample storage and efficient design for meal preparation.

Parking is easy and convenient with designated spaces for up to 24 vehicles, accommodating both residents and guests. Each unit also includes a guest toilet, perfect for entertaining.

Safety is a top priority, with modern wooden doors securing each unit’s entrance. Fiber optic internet connectivity is also available, ensuring seamless communication within the community.

Imagine acquiring all these using the FHF Scheme by PWAN Stars. That would be a dream come through.

With the PWAN Stars Easy Pay Scheme, you could be well and truly on your way to fulfilling your home ownership dreams without much sweat.

Do you have more questions or are interested in acquiring one of our products through the Easy Pay, do well to contact us immediately and we shall be glad to guide you.

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