October 24, 2024

A Gateway to UK Property

By Zeenat Shaffi, Senior Business Development Manager

Nomo Property Finance was created to fill a gap in the market for GCC residents wanting to gain a foothold in the UK’s residential property market. Nomo offers residential and buy-to-let finance products to help GCC residents buy or refinance a home in the UK, whilst adhering to Sharia’a finance principles.

An untapped market

There’s a variety of opportunities for Brokers to help GCC residents in the UK Property Market. Customers might be expats returning to the UK or affluent families looking for buy-to-let property across England and Wales.

Nomo helps Brokers take advantage of those opportunities through a digital first property finance journey.

Available across select Middle East countries

We provide access to the UK property market for GCC residents in the UAE, Saudi Arabia, Kuwait, Bahrain and Qatar, enabling customers who don’t have a UK credit footprint or bank account to invest.

Given that a number of GCC clients already own properties in the UK, Nomo also offers a refinancing proposition for those looking to refinance at favourable rates.

Guiding through the Sharia’a process

Our Property Finance team guides brokers and clients through the property purchase process. Being a Sharia’a-compliant finance provider means we adhere to Sharia’a principles – brokers new to this specialism can often find the differences between Sharia’a and traditional mortgages difficult to understand.

To bring brokers up to speed on these principles, we frequently hold broker training sessions, conferences, and lunch and learns. Our expert Business Development Managers are available to be able to support brokers through the entire process, from initial approach to closing a deal.

Local Experts

Our team has extensive expertise in the UK property market, empowering clients to buy a UK home for their family, grow a property portfolio, or secure a new deal for an existing property.

About Nomo

Nomo is the world’s first Sharia’a compliant cross-border bank, built for customers in the GCC who want an international banking experience. Our property finance offering was launched in 2023 for GCC customers looking to invest and safeguard their wealth in British bricks and mortar.

Nomo Property Finance was created to fill a gap in the market for GCC residents wanting to gain a foothold in the UK’s residential property market. Nomo offers residential and buy-to-let finance products to help GCC residents buy or refinance a home in the UK, whilst adhering to Sharia’a finance principles.

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About Fiducia Commercial Network

Fiducia Commercial Network is a commercial finance ‘Appointed Representative’ network created to allow independent firms to provide commercial property finance and trading business finance options to their existing client base and network.

Joining the network provides opportunities for professional brokers to offer a full range of commercial finance solutions by acting as an Appointed Representative (AR) with the full support of the Fiducia Commercial Network team.

The Fiducia Commercial Network membership includes FCA authorisation and reporting, PI insurance, and NACFB membership, plus business, compliance, finance, system, and admin support from a company with over 20 years’ experience in commercial finance.

If you’d like to discuss joining Fiducia Commercial Network or you’d like to apply to become an Appointed Representative…

SPEAK TO OUR TEAM

 

To discuss Fiducia Commercial Network or to apply to become an Appointed Representative email the team via by clicking this link.

For all media and marketing enquiries contact –  pr@fiduciagroup.co.uk