Sharia-compliant cross-border bank Nomo has joined the lender panel of mortgage distributor Paradigm Mortgage Services.
Nomo offers Sharia compliant residential and BTL property financing to residents of Kuwait, UAE, Saudi Arabia, Qatar and Bahrain looking to purchase or refinance property in the UK (excluding Northern Ireland).
Customers do not need to have a UK lending footprint to qualify for Nomo property financing, plus it is suitable for SPVs and portfolio landlords.
Comment on the addition to the panel Paradigm Managing Director Richard Howes said: “We are very pleased to welcome Nomo to the Paradigm lender panel and to offer our member firms access to a specialist proposition that serves an important and growing customer segment.
“The UK continues to attract significant investment from GCC nationals and expats, and Nomo’s ability to support these clients with Sharia compliant real estate financing, including clients without a UK credit footprint, provides advisers with access to a truly differentiated lending solution.”