Pioneering South African online home loan marketplace platform, MortgageMarket, has announced its expansion into Namibia.
WORDS & PHOTO: SUPPLIED
MortgageMarket, a start-up founded in 2019 by a former banking executive, Tim Akinnusi, has revolutionised the online home loan application experience by providing customers, property developers and estate agents with a seamless way of getting finance for their property purchase through its innovative technology and business model that creates value in the form of efficiency, convenience and real monetary gains for its users.
The launch of MortgageMarket Namibia takes place in collaboration with the launch of Tama Estates, a brand new residential housing development in Swakopmund.
Pre-approved loans
MortgageMarket’s technology will speed up the process of enabling buyers to get pre-approved loans in just minutes and remove the friction of accessing multiple home loan options from the top banks in Namibia for their property purchase.
Namibia is at the vanguard of significant economic growth and has had a housing backlog of about 300 000 homes for its citizens. Fostering first-time homeownership and building generational wealth for its citizens through property is a key priority for the Namibian government.
End-to-end experience
The platform is redefining the home loan industry by delivering a seamless, end-to-end digital experience for customers to access the top seven banks in South Africa. MortgageMarket’s efficiency and commitment to customer satisfaction has distinguished it within the fintech landscape. The platform’s mission is to empower individuals on their homeownership journey by providing choice, transparency and genuine value.
MortgageMarket’s unique cloud-based business model enables significant cost savings for customers, featuring a cashback, along with their approved home loan.
Tim Akinnusi, co-founder of MortgageMarket, says: “To be able to pioneer and be the first to launch a marketplace model for home loans in Namibia is an incredible milestone. We’re committed to working tirelessly with our banking partners to empower potential buyers with much needed tools to equip them in their home ownership journey. We continue to evolve our technology to provide value to buyers, estate agents and property developers.”
Block 9 Properties
“We are excited about the partnership with Block 9 Properties to sell out the Tama Estates development. This new incremental housing development marks the inception of MortgageMarket’s mission to enhance the customer journey and promote homeownership in Namibia.”
Block9 Properties has expressed their commitment to develop dignified homes with inspired spaces that are affordable without sacrificing quality or location, and sees home ownership as an attainable investment for the people of Namibia.
Top picture: From left: Mr. Alfeus Benjamin CEO of Municipality of Swakopmund, Tim Akinnusi CEO of MortgageMarket South Africa, Silvanus Kathindi Director of Block 9 Properties, The Honourable Governor Neville Andre of Erongo Region, Namibia, Councillor Dina Namubes Mayor of Swakopmund, Namibia, and Shivute Alfeus Angula Trustee of Eddy Angula Trust.
