Nomo

Nomo’s parent bank, Boubyan Bank, has been awarded the accolade of ‘Best Islamic Digital Bank’ both globally and in the Middle East in Global Finance Magazine's World’s Best Digital Banks awards for 2024. The award highlighted the importance of Nomo in Boubyan’s wider digital strategy. Check out the full announcement here: https://lnkd.in/gmu3AuEe

We are delighted to release our latest report into the UK residential property sector: ‘Global Neighbours: Why GCC buyers are purchasing UK residential properties.’   Our analysis suggests that the market for Gulf Corporation Council residential property investment into the UK is worth close to £1 billion annually, with further growth on the horizon. Our report details the reasons for this growth and provides insights for brokers and GCC residents looking to navigate the UK property market.   The report makes three recommendations: 1) GCC buyers should not underestimate the power of a local advisor to guide them through complex house buying requirements. 2) The UK Government should work closely with GCC nations to stimulate property purchases from affluent and mass affluent customers in the GCC. 3) Brokers, intermediaries and property finance providers should work together to educate GCC customers about the opportunities for UK property investment. Nomo Property Finance is currently available to customers who are residents in the following GCC countries: Bahrain, Kingdom of Saudi Arabia (KSA), Kuwait, Qatar and United Arab Emirates. Nomo only offers financing for properties in England and Wales.

The @FT reports that UK house prices rose at their fastest pace in two years, helped by solid wage growth and declining mortgage rates. The 3.7% year on year rise in November was higher than what economists had expected, and activity in the festive period is anticipated to remain strong as first time buyers look to purchase a property prior to stamp duty changes in April 2025. Find out more here: https://lnkd.in/emxp-jJS

Congratulations to our Abu Dhabi Commercial Bank RM competition winners Ravinder Singh, Team Leader for Sharjah, and Regional Head Muhammad Qaisar Maharvi who won a trip to London for achieving the bank’s highest sales. As part of their prize, they joined Daniel Smith FCIM and Esra Sennaroglu for breakfast and were given a tour of Nomo’s Canary Wharf office. 

FinTech Magazine reports that AI and machine learning, which Nomo is embracing, are poised to transform financial services in 2025. Leading financial players are using digital solutions to enhance operational efficiency, improve customer engagement and offer innovative financial solutions. Find out more here: https://lnkd.in/gvm8vZWJ

#ICYMI our very own Marc Baxter recently spoke at the FTT Fintech Festival about how Nomo is using personalisation by tailoring Sharia-compliant services and multi-brand communications for unique customer needs.

Following an incredible year for the Nomo Property Finance team, we’ve entered the Mortgage Strategy Awards 2025 for Best Specialist Lender. To reach the longlist, we need as many members of the UK mortgage industry to vote for us as possible and so we’re asking for your support. To vote for Nomo, head to Mortgage Strategy Awards 2025- Industry Vote, enter your details and then select Nomo in the Best Specialist Lender category: https://lnkd.in/ezi4vvqi Thank you!

Property Week reports that UK residential rents are predicted to rise 18% in the next five years, highlighting the long-term allure of the UK’s living sector. Check out the article here: https://lnkd.in/ezshsKEb

Nomo is pleased to be attending the MONEYlive Summit 2025, Europe’s most senior banking and payments conference. Held between 10-11 March 2025, the event will bring together senior leaders from the banking and payments industry to discuss how to drive growth in the FinTech sector. Check out the event here: https://lnkd.in/dZ2uw38G

Mortgage Introducer reports on our recent launch of SPV financing, aimed at supporting GCC investors in the UK buy-to-let market. Our new offering aims to provide tailored financing options to GCC investors, who represent an ever-growing segment of the UK property market. Check out the full article here: https://lnkd.in/e57i-Dv6