Seso Global launches Ghana Diaspora Mortgage Platform with Republic Bank
Seso Global, Africa’s leading digital property marketplace, has announced a strategic partnership with Republic Bank (Ghana) PLC to introduce a pioneering Diaspora Mortgage Platform in Ghana.
This innovative platform is designed to streamline the mortgage application process by digitizing it, offering a more accessible way for Ghanaians living abroad to explore, apply for, and manage their mortgages in Ghana.
The partnership between Seso Global and Republic Bank aims to play a pivotal role in the growth of the emerging African real estate markets, with a particular focus on leveraging the diaspora community as a driving force.
In recent years, it has been estimated that approximately one billion US Dollars are invested in the Ghanaian real estate market annually.
This partnership is expected to expedite the flow of diaspora capital into the Ghanaian real estate sector even further.
Mr. Benjamin Dzoboku, the Managing Director of Republic Bank Ghana, shared insights into the significance of the Diaspora Mortgage Platform.
The platform will enable clients to explore a vast selection of carefully vetted properties in Ghana and apply for mortgages from Republic Bank for their selected properties.
The bank offers a range of mortgage options, including Home Purchase, Home Improvement, Home Completion, and Home Equity Finance Mortgages.
Mr. Dzoboku emphasized that this innovation opens up new avenues for diaspora investors and homebuyers to transparently, securely, and easily purchase and finance prime real estate in Ghana.
Daniel Bloch, CEO of Seso Global, praised Republic Bank’s contribution to the development of the mortgage industry in Ghana.
The bank has played a pivotal role in supporting Ghanaians, both domestically and abroad, in their pursuit of homeownership.
As a result, Republic Bank remains the leading home loan provider in the country.
Bloch further highlighted that all properties featured on the Diaspora Mortgage Platform have been pre-verified and approved by Seso Global and Republic Bank.
This pre-verification process will save clients both time and money, as they won’t need to conduct extensive due diligence when purchasing a property.
In addition to this, Seso Global has collaborated with mortgage originators and brokers in the United States, the United Kingdom, and Canada.
These partnerships will expedite the mortgage application process and align it with the standards of the diaspora market and international banking procedures.
Ultimately, this platform is expected to significantly reduce the time required to complete due diligence and approve mortgage applications for diaspora clients.
Seso Global and Republic Bank aim to deploy $50 million in prime property mortgages through this groundbreaking platform over the next two years.
Investors and homebuyers interested in Ghana’s real estate market are encouraged to apply and take advantage of this innovative solution.
This partnership between Seso Global and Republic Bank signifies a significant step toward making real estate investment in Ghana more accessible and transparent for the diaspora community.
The digitization of the mortgage application process and the pre-verification of properties are expected to simplify and accelerate the process of investing in Ghanaian real estate.
