Nomo, the digital bank providing Sharia’a-compliant UK property finance to residents in Gulf Corporation Council[1] (GCC) countries has announced reduced rates across its full Property Finance range.

Alongside this, it has introduced a new pricing tier specifically designed for High Net Worth (HNW) clients. This allows for improved pricing on larger facilities between £500,000-£750,000 and £750,001-£5 million. Using data from property search portal Rightmove, Nomo research recently revealed Gulf investors are deploying capital in more returns-focused ways, targeting smaller purchases that balance yield with long-term stability.

In 2025, some high-value areas in London, such as Westminster and Kensington & Chelsea dropped out of the top 20 areas for GCC property demand. By contrast, Glasgow, which has the lowest average asking price in the UK in 2025, comes out on top.[2]

Proposition

Facility Size

Max FTV

2-Year Fixed

5-Year Fixed

Standard

£100,000 - £499,999

75%

4.75%

5.10%

HNW up to £750k

£500,000 - £749,999

75%

4.60%

4.85%

HNW up to £5m

£750,000 - £5,000,000

70%

4.45%

4.75%

Following growing demand for portfolio landlord-focused products, for the first time, Nomo will be available for portfolio landlords with 4-10 mortgaged properties. Nomo is providing financing of up to £2 million per property, with rates fixed for either two or five years. A maximum of five properties can be financed with Nomo. Nomo’s recent report, The Evolving Gulf Buyer, found that the GCC investor market is becoming increasingly professionalised with purchases being made through limited companies, particularly Special Purpose Vehicles (SPVs). This shows the appetite for portfolio landlord purchases, a demand which Nomo is responding to.

Portfolio Landlords

Fixed period

Max FTV

Product

APRC

Application Fee

2-year fixed

60%

4.99%

6.8%

BTL: 1% of facility

5-year fixed

60%

5.20%

6.9%

BTL: 1% of facility

2-year fixed

75%

5.30%

7.0%

BTL: 1% of facility

5-year fixed

75%

5.40%

7.0%

BTL: 1% of facility

Layla Hamidian, Head of Property Finance Sales and Servicing at Nomo, commented:

“Our recent research revealed that global economic volatility has underscored the appeal of the UK, as a stable location for overseas property purchases. 

“For GCC clients, that assurance has helped sustain consistent investment volumes across the UK residential market in 2025, particularly within the sub-£2 million segment. We look forward to seeing how the GCC investor market continues to flourish in the UK in 2026, and supporting our extensive broker network to find the right financing solutions for their clients.”

Full details can be found here: https://intermediaries.nomobank.com/products/

Nomo’s thought leadership report, The Evolving Gulf Buyer, can be read here: nomo-the-evolving-gulf-buyer-jan-2026.pdf

T&C’s apply. Only available for properties in England and Wales. Nomo accounts are not currently available to UK residents. Your property may be at risk if you do not keep up the payments on your Nomo property. Nomo by Bank of London and The Middle East plc (“BLME”) is a trading name of BLME. BLME is registered in England and Wales (no. 05897786), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. BLME’s Financial Services Register number is 464292 and registered office is at 20 Churchill Place, Canary Wharf, London E14 5HJ, United Kingdom.

About Nomo Bank:

Nomo is the world’s first digital Sharia’a-compliant cross-border bank built for Middle Eastern customers who seek a global banking experience. It is part of Bank of London and The Middle East plc (BLME), a subsidiary of Boubyan Bank. Nomo makes international banking and investments easier for residents and citizens of the Middle East.

Nomo is headquartered and built in the world’s banking capital, London, and applies cutting-edge technology to innovative digital solutions for its customers. To know more, visit www.nomobank.com.    

For more information, please contact Emily Mahon, 07818 269 345, blme@luther.co.uk