DeVere Mortgages and Al Rayan Bank have entered a strategic partnership to offer Shariah-compliant alternative mortgages in the UK.
The move is aimed at the growing number of expats in the UK looking to purchase their own property and will offer mortgages that do not charge interest.
DeVere Mortgages reported a 55% rise in mortgage enquiries earlier this year after the Bank of England held interest rates at a historic 0.25% low.
Mike Coady, managing director of deVere Mortgages, said: “We have seen growing demand from our group’s 80,000 clients around the world for Shariah-compliant mortgages.
“We have been consistently impressed by the products and services delivered by Al Rayan Bank, and we look forward to expanding together as a result of this partnership.”
