Rosemount Financial Solutions has added Islamic finance supplier Offa to the mortgage and monetary planning community’s lender panel.
As a results of the deal, Rosemount members may have entry to the fintech’s vary of Sharia-compliant property finance merchandise.
Offa gained authorisation from the Financial Conduct Authority to supply house buy plans within the UK in March.
In current months, Rosemount has expanded its lender panel, including Atom financial institution, MFS, Redwood Bank, Norton Home Loans, Moda Mortgages and CHL Mortgages.
Rosemount Financial Solutions chief govt Ahmed Bawa (pictured) says: “Offa is bringing a brand new, Sharia-compliant method to the market, catering for each traders and residential patrons who want quick finance choices and a paperless software course of.
“As a community, we’re decided to preserve increasing the vary of choices obtainable to our advisers, giving all of them the instruments they want to ship for his or her purchasers regardless of their state of affairs.”
Offa group chief business officer and managing director of house finance Sagheer Malik adds: “Offa is on a mission to rework the historically old school and cumbersome world of Islamic property finance and convey it into the twenty first century, and dealing with a well-established mortgage community reminiscent of Rosemount is one other essential a part of our journey.”
