By Cynthia Ezekwe
Leadway Pensure PFA Limited, a Pension Fund Administrator (PFA) licensed by the National Pension Commission (PenCom) to provide a wide range of retirement support, said it has completed 25 percent of its mortgage transfer to its enrollees in line with the guidelines from Pencom.
Based on this, Lanre Idris, the managing director/chief executive officer of Leadway Pensure PFA Limited, in a statement on the approved guidelines and prompt response by Leadway Pensure, stated that the regulator and his organisation had demonstrated the belief that Nigerians could use their retirement savings account to pay for mortgage.
According to Idris, the organisation is committed to providing financial support for its RSA holders to live after their productive years, aligning with PenCom’s guidelines for RSA holders to access part of their accounts to fulfil their dream of owning a house, adding that the the pension fund administrator and its team are set and eager to complete transfer processes for eligible RSA holders who meet the needed requirements and be part of the landmark achievement of owning a house by taking advantage of their RSA.
He further called on customers who desire to own a house to apply for the transfer process, assuring them of a seamless process in the actualisation of the company’s commitment to fostering a rewarding life following productive years.
Idris noted that interested RSA holders must meet the conditions, which includes having an offer letter for the property duly signed by the property owner and verified by the mortgage lender; an employer and employee’s mandatory contributions for a cumulative minimum period of 60 months or five years, adding that the application for equity contribution for residential mortgage shall be in person and not by proxy.
