Nomo added to Paradigms lender panel Mortgage Finance Gazette

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Shariah-compliant, cross-border bank, Nomo, has joined the lender panel of mortgage distributor, Paradigm Mortgage Services.

Nomo provides Shariah-compliant residential and BTL property finance to residents of Kuwait, UAE, Saudi Arabia, Qatar and Bahrain who are looking to purchase or refinance property in the United Kingdom (excluding Northern Ireland).

Customers do not need to have a UK credit footprint to be eligible for Nomo property finance, and it additionally caters for SPVs and portfolio landlords.

Commenting 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 provide our member firms with 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 Shariah-compliant property finance, including those without a UK credit footprint, provides advisers with access to a genuinely differentiated lending solution.”