Should Rent Be Counted as Credit History Towards Mortgage Eligibility in Nigeria?
Millions pay rent monthly in Nigeria, but it does not count toward mortgage approval. Could recognizing rent as credit history unlock new paths to homeownership? In our latest article, we share insights on how this change could expand access to mortgages and reshape the housing market.
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In Nigeria, millions of renters pay consistently each month, yet these payments rarely count toward building a credit history. As the country works to expand access to mortgages, the question arises: should rent be recognized as part of credit scoring? This article explores how rental history could transform mortgage eligibility, improve financial inclusion, and open new doors for aspiring homeowners across Nigeria.
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