Nigeria’s largest online property platform, Lamudi Nigeria has
entered into a unique partnership with leading mortgage bank, Imperial Homes
Mortgage Bank Limited, to deepen access to affordable mortgage facilities.
Through Lamudi’s online mortgage calculator, property buyers can now not only
search for properties on the Lamudi’s website, but also estimate their potential mortgage repayments
and apply for a loan for their property of choice.
The user-friendly mortgage
calculator is integrated with every property available for sale on Lamudi. As a
result, a buyer can choose his/her initial deposit and the tenor of the loan,
input these details and receive his/her estimated mortgage repayment calculated
based on the interest rate offered by Imperial Homes. A buyer can also
automatically apply for a mortgage from Imperial Homes through the same
application.
Obi Ejimofo, Managing Director of
Lamudi Nigeria said: “This is a very big
deal for us a platform. From the start, our core objectives have been to make
it easier for our people to secure their next home. We chose to partner with
Imperial Homes specifically because they share the same ideals and have
developed mortgage and savings products designed to assist the broader populace
in getting a firm foot on the property ladder. As of today, when you visit
Lamudi, you can not only find your dream home, you can now secure the finances
to buy it too.”
He described this collaboration
in the real estate industry as unprecedented and expressed the hope that it
would empower Lamudi’s customers to secure the property of their dreams.
The Managing
Director of Imperial Homes Mortgage Bank, Mr. Ben Akaneme said “our mission is
to make mortgages easy and affordable in order to facilitate home ownership
among Nigerians. This collaboration is a major step in actualizing the mission.”
About Lamudi Nigeria:
Lamudi is a leading online real
estate marketplace exclusively focused on emerging markets. The website offers
an easy to use and secure platform to buy, rent or sell real estate online.
Lamudi.com.ng, which started operations in October 2013, has over 30,000
residential and commercial property listings from developers and real estate
agents. The company has active offices in Lagos, Abuja, Ibadan and Port
Harcourt.
About Imperial Homes Mortgage
Bank:
Imperial Homes Mortgage Bank Limited is a Mortgage Bank
duly licensed by the Central Bank of Nigeria to undertake mortgage banking and
related services. It was originally incorporated in 1992 as Citizens Savings
and Loans Limited. But the name was changed in 1997 to New Patriot Building
Society Limited. Guaranty Trust Bank plc acquired the company in August 2007 as
a wholly owned subsidiary and changed its name to GTHomes Limited to reflect
its relationship with GTBank. Imperial
Homes Mortgage Bank Limited then commenced operation in January 2008.
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