This addition gives Paradigm’s network access to Shariah-compliant residential and BTL property finance for GCC residents and expats in the UK
Nomo has joined the lender panel of Paradigm Mortgage Services.
This addition gives Paradigm’s network of more than 2,000 firms and 3,000 advisers access to Shariah-compliant residential and buy-to-let (BTL) property finance for Gulf Cooperation Council (GCC) residents and expats in the UK, excluding Northern Ireland.
Layla Hamidian, head of property finance, sales and servicing at Nomo, said: “We’re thrilled to join Paradigm’s lender panel, giving us access to its member firms.
“We hope that in joining Paradigm, more advisers will consider how they can support the growing market of GCC nationals and expats investing in UK property.
“Shariah-compliant financing represents a valuable and often underutilised opportunity for brokers, providing an ethical finance option suited to a wide and diverse customer base.”
Hamidian added: “We would encourage those ready to learn about Shariah property finance to check out our brand-new Nomo Academy, dedicated to supporting brokers and intermediaries through the Nomo process.”
Richard Howes, managing director of Paradigm Mortgage Services, 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.”