Lamudi Nigeria and Imperial Homes in partnership to make mortgages more accessible
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.