文章基本信息

标题：Performance of Mortgage Valuation in Kaduna Metropolis, Nigeria
本地全文：下载
作者：Muhammad Hassan ; Habu Mallam Baba ; Isa Abdullahi 等
期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2021
卷号：3
期号：10
页码：749-758
DOI：10.35629/5252-0310513520
语种：English
出版社：IJAEM JOURNAL
摘要：This study assessed mortgage valuation performance in Kaduna metropolis with a view to improving the quality of mortgage valuation practice. The study adopted a quantitative approach, where data was collected using questionnaires from 75 estate surveyors and valuers and 41 commercial Banks randomly selected from the studyarea. The data collected was subjected to descriptive statistics to examine the degree of agreement and significance of the various variables. The study revealed that mortgage valuation creates credit risk, expose lenders to financial loss, discourage the availability of loan advancement, overprotect lenders fund at the detriment of borrowers need and reduce access of borrowers to adequate loan. The study recommended that emphasis should be placed on members’ specialization in the valuation practice, latest edition of Nigerian Institution of Estate Surveyors and Valuers’ valuations standards (2019) be widely distributed and enforced, Estate Surveyors and Valuers should put in place quality control measures in their practice so as to improve the reliability of their valuation report and Nigerian Institution of Estate Surveyors and Valuers should make it mandatory for all Estate Surveyors and valuers to submit relevant data (sales figures, rental values, outgoings, yield rates, etc) on all transactions with respect to property sales and lettings compulsorily for the purpose of building and regularly updating a data bank.