Industry Insights

Nomo sees strong start to the year

Nomo reports its strongest half-year yet for UK property finance from GCC-based clients, with growing demand for purchases, BTL, and refinancing.

for UK Property Finance

Nomo, the digital bank that provides Sharia’a compliant UK property finance to residents in Gulf Cooperation Council (GCC) countries, has had a strong performance in the first half of 2025. This has been driven by high levels of interest from residents across the UAE, Bahrain, Kuwait, Qatar and Saudi Arabia, meaning that the number of completions are the highest yet recorded by the bank. Nomo has also seen significant interest for re-financing, as customers come off the rates secured in 2023.

International Demand Continues to Grow

The dynamics of the market are interesting. Rightmove data shows that searches from GCC countries make up 11% of all international searches for properties in the UK. The majority come from the UAE followed by Saudia Arabia and Qatar.

What GCC Buyers Are Looking For

When GCC buyers look for properties in the UK, they focus on holiday homes, buy-to-let and investment opportunities, with London and the North West among the most frequently searched areas. London has always been a strong draw for GCC investors looking for a safe haven, and accounts for a quarter of searches from the region.

Spotlight on the North West

The North West accounted for 1 in 5 searches. A recent Savills’ forecast predicts the value of mainstream properties in the region to increase by 5% this year, and by 29.4% in the five years to 2029 – the highest of any UK region – so it’s unsurprising that this area is proving popular with potential investors.[1]

Sharia’a Compliant Solutions for UK Property Buyers

For GCC buyers who are looking to finance properties in the UK, Nomo is here to help. We’re Sharia’a compliant, fully digital and buyers don’t require an existing UK credit footprint to access our products.

The Nomo Offer
  • 2 and 5 year fixed deals, with up to 75% Finance to value for Residential, Buy to Let and Refinance.
  • Rates start from 4.99%.
  • Nomo also considers Special Purpose Vehicles (SPV) for investors. For full information on our criteria and rates please visit Nomo Bank for Intermediaries
Important Information

[Disclaimer: T&C’s apply. Only available for properties in England and Wales. Nomo accounts are not currently available to UK residents. Your property may be at risk if you do not keep up the payments on your Nomo property. Nomo by Bank of London and The Middle East plc (“BLME”) is a trading name of BLME. BLME is registered in England and Wales (no. 05897786), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. BLME’s Financial Services Register number is 464292 and registered office is at 20 Churchill Place, Canary Wharf, London E14 5HJ, United Kingdom.]

[1] Savills UK | Residential Property Market Forecasts

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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