Sharia-compliant cross-border bank Nomo has introduced special purpose vehicles (SPVs) to support its Gulf Cooperation Council (GCC) clients investing in UK buy-to-let (BTL) properties.
This move aims to provide tailored financing solutions to a previously underserved market segment.
The popularity of SPVs among GCC investors in the UK property market has grown, prompting this launch to align with Nomo’s commitment to delivering property finance solutions that reflect the investment goals of GCC-based investors.
The changes were implemented following feedback from clients and brokers, which highlighted the unique advantages SPVs offer to GCC residents purchasing UK properties.
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.”
