ImmoScout Integrates EuroPace Tech to Provide Ready Made Financing Solutions to Users

ImmoScout, Germany's largest online platform for residential and commercial real estate, has partnered up with financing firm Europace to offer real-time, finalized financing solutions for prospective buyers.

Under the name 'BaufiReady!', Immoscout users can receive free financing certificates with real-time feasibility and conditions, not shop window rates.

With reference to their desired property, buyers can enter data on their income and expenses, type of employment, year of birth and any debt. An algorithm powered by Europace tech then calculates a suitable financing solution based on individual applications.

Baufiready!'s output includes a breakdown of what costs they will incur and whether the prospective buyer can 'feasibly' afford the property. Applicants will also additionally receive the three most attractive financing offers with finalized conditions, selected from a sample selection of more than 400 banks connected to Europace.

Ahmet Kesen, Head of Mortgage at ImmoScout24, said:

“With BaufiReady! and Europace's #Fit technology, we not only make financing more transparent, we also speed up the process. Those interested in buying and those providing advice receive a real assessment of the feasibility and get the actual conditions directly at the point of need. In other words, exactly where the desire for a property meets a specific object.

"This is unique on the market. With the real-time offers, those interested in buying know immediately whether they can afford the property, and brokers can use the certificate to identify who is a potential buyer."

Europace is Germany's largest transaction platform for real estate financing, home savings products and instalment loans. It processes more than 35,000 transactions worth more than €9Bn every month.