Rosemount Financial Solutions has added Islamic finance provider Offa to the mortgage and financial planning network’s lender panel.
As a result of the deal, Rosemount members will have access to the fintech’s range of Sharia-compliant property finance products.
Offa gained authorisation from the Financial Conduct Authority to offer home purchase plans in the UK in March.
In recent months, Rosemount has expanded its lender panel, adding Atom bank, MFS, Redwood Bank, Norton Home Loans, Moda Mortgages and CHL Mortgages.
Rosemount Financial Solutions chief executive Ahmed Bawa (pictured) says: “Offa is bringing a new, Sharia-compliant approach to the market, catering for both investors and home buyers who need fast finance decisions and a paperless application process.
“As a network, we are determined to keep expanding the range of options available to our advisers, giving them all the tools they need to deliver for their clients irrespective of their situation.”
Offa group chief commercial officer and managing director of home finance Sagheer Malik adds: “Offa is on a mission to transform the traditionally old-fashioned and cumbersome world of Islamic property finance and bring it into the 21st century, and working with a well-established mortgage network such as Rosemount is another important part of our journey.”
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by finopulse.
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