Rosemount Financial Solutions has added Islamic financial provider OFFA to the lender group of the Mortgage and Financial Planning Network.
The result of the deal is that Rosemount members will have access to Islamic-compliant real estate financing products from the FinTech scope.
OFFA has been authorized by the Financial Conduct Authority to offer a home purchase plan in the UK in March.
Rosemount has expanded its lending front-end in recent months, adding Atomic Bank, MFS, Redwood Bank, Norton Home Loans, Moda mortgages and CHL mortgages.
Ahmed Bawa, CEO of Rosemount Financial Solutions (pictured), said: “Offa will bring a new, Sharia-compliant approach to the market, serving investors and home buyers who need rapid financing decisions and paperless application processes.
“As a network, we are determined to continuously expand the range of options available to consultants, giving them all the tools they need to provide their clients with no relation to their situation.”
Sagheer Malik, Chief Commercial Officer and Chairman of Housing Finance, added: “OFFA’s mission is to transform the traditionally old-fashioned and tedious world of Islamic property finance and bring it into the 21st century and to work with building a good mortgage network such as Rosemount, which is another important part of our journey.”
