THROUGH this medium, kindly grant me the opportunity to attract the attention of the Honourable Minister of Finance, Dr. Ashni Singh.

I know that Dr. Singh is extremely busy but I am writing with hope that he will grant this wish of mine which would benefit me and hundreds of fellow Guyanese.
Through this government, both my wife and I have decent jobs with a moderate income. We have recently acquired a piece of land and have taken out a mortgage from the New Building Society (NBS) to complete construction of our dream home which is presently under construction. As both my wife and I are working, we took the full amount of $12M offered by NBS to aid in the construction of our dream home.
We did receive a detailed estimate from our contractor and we have added an additional twenty to thirty per cent to the amount on this estimate. What we did not cater for and had to expend large sums of money for was, that the land was extremely low and we had to spend a lot to fill it and among other things, such as theft of materials.
Materials are also very expensive and the fact is that we are not only constructing a dream home but it is one that we want to build strongly, so that, it will be passed down from generations to generations.
As it is, we need at least $2M more as we need to construct all four fences, build up the yard, build drainage etc. At the present rate, we can afford to pay back the monthly installment to NBS, if we can get this additional amount bearing in mind that we will be getting some “cash back” with regards to the policy dealing with mortgage relief as announced in the 2013 national budget.
We note that at their last annual general meeting, NBS indicated their desire to raise their mortgage ceiling to $15M. All they need is the approval from the Ministry of Finance. Obviously, if this is granted, it would benefit me and many others who need some extra cash to complete our homes. In fact, if one visits all the new housing schemes, you would see a lot of incomplete homes.
On behalf on my family, I am kindly and most humbly appealing to the Honourable Minister of Finance, Dr. Ashni Singh to grant the Ministry of Finance’s approval to the New Building Society so that they can raise their mortgage ceiling to $15M.