Nomo’s latest offering introduces special purpose vehicles (SPVs) to aide GCC investors in UK buy-to-let ventures.
- The move aims to provide flexible property financing tailored to Gulf Cooperation Council (GCC) clients.
- SPVs have gained traction as a popular choice for GCC-based property investors in the UK.
- The initiative arises from feedback received by Nomo from both clients and brokers, aimed at enhancing service offerings.
- Nomo is focusing on deepening broker relationships to support evolving client needs in the property market.
Sharia-compliant cross-border bank Nomo has launched a novel financing solution tailored for Gulf Corporation Council (GCC) clients. By introducing special purpose vehicles (SPVs), Nomo aims to support its clients in navigating the UK buy-to-let property landscape. This innovative approach caters to a growing demand among GCC investors for structured and flexible property financing solutions. With the growing popularity of SPVs, Nomo’s latest move marks a significant expansion in its array of financial services.
The initiative to incorporate SPVs into Nomo’s suite of offerings is a direct response to feedback from clients and brokers. This underscores Nomo’s commitment to adapting to the changing needs of its clientele. By implementing SPVs, Nomo is ensuring that its GCC clients can structure their UK property investments more efficiently, thus capitalising on unique opportunities within the market.
Paul Szumilewicz, the chief revenue officer at Nomo, highlighted the firm’s strategic direction in expanding its product range. He stated, “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.”
In addition to meeting client demands, Nomo’s introduction of SPVs is an effort to deepen its relationships with brokers. This focus on building stronger partnerships with brokers is intended to enhance the bank’s overall service delivery, ensuring that the evolving needs of its clients are met effectively.
Nomo’s innovative approach in introducing SPVs exemplifies its strategic focus on meeting the unique requirements of GCC investors in the UK’s property market.
