"We’re ensuring that clients seeking flexible property financing have the necessary support to capitalise on the unique investment opportunities within the UK property market."
- Paul Szumilewicz, chief revenue officer at Nomo
Sharia-compliant cross border bank, Nomo, has introduced special purpose vehicles (SPVs) to support its Gulf Corporation Council (GCC) clients investing in UK buy-to-let properties.
This expansion will enhance Nomo’s market reach by offering financing options specifically developed for GCC-based investors seeking flexibility in their UK property investments.
The use of SPVs has become increasingly popular among GCC investors in the UK property market and Nomo says it has made the changes following feedback from clients and brokers.
Nomo added that it wants to "deepen relationships with brokers" by expanding its product range to better meet the changing needs of their clients.
Paul Szumilewicz, chief revenue officer at Nomo, said: “By introducing SPV-focused financing solutions, Nomo is directly addressing the requirements of our clients in the GCC who are increasingly turning to SPVs to structure their UK property investments efficiently.
"With this offer, we’re ensuring that clients seeking flexible property financing have the necessary support to capitalise on the unique investment opportunities within the UK property market.”
