Nomo is now offering £1,000 cashback to customers refinancing a property in the UK.
The digital bank’s refinance product offers rates of between 5.49% and 6.05%, with a finance-to-value rate of up to 75% available for a fixed term lasting either 2- or 5-years.
Nomo’s Property Finance products are available to residents of the UAE, Saudi Arabia, Kuwait, Bahrain and Qatar, including expats and foreign nationals, enabling them to apply for and manage their Sharia’a compliant UK property finance completely digitally.
Chris Monaghan, B2B marketing lead at Nomo said: “At Nomo, we provide residential and Buy-to-Let (BTL) finance products to GCC (Gulf Cooperation Council) customers buying or refinancing a property in the UK.
“For those wishing to adhere to Islamic principles, they can be confident that the products are Sharia’a compliant.
“We know that many GCC residents already own UK properties and make use of property finance products. When it comes to refinancing, there isn’t always a lot of choice for their next fixed rate.
“This new offer provides customers with a great option for their next re-finance requirement and gives brokers another Property Finance option to ensure they get the best outcome possible for their customers.”
In addition to the £1000 cashback, Nomo are also offering free valuation and zero arrangement fees for their refinance products.
