Mortgage, protection, and financial planning network, Rosemount Financial Solutions (IFA), has added Islamic finance provider, Offa, to its lender panel.
Offa brings fast and paperless funding decisions to Sharia-compliant finance. It recently gained authorisation from the FCA to offer home purchase plans.
It was the first provider to launch Sharia-compliant bridging finance in the UK, and last year introduced a buy-to-let finance product. Offa also launched a bridge-to-let finance service in July, combining its flexible bridge product with buy-to-let.
Earlier today, Offa reduced rates across its buy-to-let range by up to 0.34%.
As a result of the new partnership, members of the Rosemount network will have access to Offa’s range of Sharia-compliant property finance products.
Rosemount has expanded its lender panel in recent months, with new additions including Atom Bank, Market Financial Solutions, Redwood Bank, ModaMortgages and CHL Mortgages.
Ahmed Bawa, CEO of Rosemount Financial Solutions (IFA), said: “It’s vital for our advisers to be able to cater to the needs and circumstances of each individual client. 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. Offa and Rosemount share the same commitment to top-class customer service, which is why they are such a great fit for our panel.
“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. That focus on providing outstanding support to advisers is why we have seen such strong growth over the last few years, and sets us apart from the rest of the market.”
Sagheer Malik, group chief commercial officer and managing director of home finance at Offa, added: “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. Both businesses believe in providing an exceptional experience for our customers, and Rosemount advisers will now be able to provide their clients with fast and modern Sharia-compliant options.”
