Seso Global, Africa’s leading digital property marketplace, has partnered with Republic Bank (Ghana) PLC to launch an exciting Diaspora Mortgage Platform in Ghana that simplifies the mortgage application process by making it digital. This groundbreaking platform will significantly enhance the process of investing in real estate in Ghana by allowing Ghanaians living abroad to search, submit and manage their mortgages in Ghana digitally.
Indeed, this partnership with Republic Bank and this newly launched diaspora mortgage platform reflects Seso Global’s important role in the rapid growth of emerging African real estate markets. Seso Global sees the diaspora as a major catalyst for this rapid growth. It is estimated that a billion US Dollars flows into real estate in Ghana every year. This partnership will accelerate the growth of diaspora capital into Ghana real estate even further.
Speaking on the partnership, the Managing Director of Republic Bank Ghana, Mr. Benjamin Dzoboku said that the Diaspora Mortgage Platform will allow clients to view thousands of prime and vetted properties in Ghana, and apply for mortgages from the Bank on selected properties.
He further explained that, Republic Bank offers an array of mortgage options including; Home Purchase, Home Improvement, Home Completion and Home Equity Finance Mortgages. ‘This innovation creates new opportunities for investors and homebuyers in the diaspora to purchase and finance prime real estate in Ghana a transparent, secure and easy way’ Mr. Dzoboku added.
According to Seso Global’s CEO, Daniel Bloch, as one of the most diversified Financial Institutions, Republic Bank has been very instrumental in the development of the mortgage industry in Ghana. It has supported many Ghanaians both at home and abroad to own their homes. ‘Unsurprisingly, the bank continues to be the number one home loan provider in the country’, he mentioned.
He further indicated that, Seso Global and Republic Bank have pre-verified and approved all the properties on this platform, thus, it saves the client / or prospective applicant time and money that would otherwise be used for conducting due diligence when buying property. Furthermore, Seso Global has partnered with Mortgage originators and brokers in the United States of America (USA), United Kingdom (UK) and Canada to help fast-track the mortgage application process and make it more efficient.
These experts will ensure that mortgages are aligned to the standards of the diaspora market and banking procedures. Ultimately, using Seso Global’s platform will greatly reduce the time it takes to perform due diligence on and approve mortgage applications for clients in the diaspora. He urged all interested investors to apply to this groundbreaking platform as it aims to deploy US$50 million dollars in prime property mortgages in the next two years.
