| Original language | English |
|---|---|
| Pages (from-to) | 89-106 |
| Number of pages | 18 |
| Journal | Journal of Property Research |
| Volume | 25 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published (VoR) - 2008 |
Funding
The Nigerian housing sector, before the National Housing Fund (NHF) in 1992, was inadequately funded due to the persistent decline in the amount of mortgage funds allocated to the sector by most mortgage institutions. This decline in mortgage funding, according to Ajayi (1998), was attributable to the poor attitude of mortgagors towards loan repayment. Onibokun (1985) and Falegan (1980) also observed that borrowers, in the country, usually regard mortgage loans as part of their share of the ‘national cake’ or as a charity fund or even booty. Borrowers with this perspective did not feel obliged or motivated to repay debts.
Keywords
- Client feedback
- Mortgage lending
- Role perception
- Valuation objective
- Valuers