Shariah-compliant cross-border bank Nomo has joined the lenders committee of mortgage distributor Paradigm Mortgage Services.
Nomo provides Sharia-compliant residential and real estate financing to residents of Kuwait, UAE, Saudi Arabia, Qatar and Bahrain looking to purchase or refinance property in the UK (excluding Northern Ireland).
Clients do not need to have a UK credit footprint to be eligible for property finance from Nomo, and it also caters to SPACs and landlords.
Comment on the addition to the board model Managing Director Richard Howes said: “We are very pleased to welcome Nomo to the Paradigm panel of lenders and provide our member companies with access to a specialist offering serving an important and growing customer segment.
“The UK continues to attract significant investment from GCC nationals and expatriates, and Nomo’s ability to support these clients with Sharia-compliant real estate financing, including those without a UK credit footprint, provides advisors with access to a truly differentiated lending solution.”
