Al Rayan Bank has partnered with mortgage broker Alexander Hall.
Alexander Hall — the sister company of Foxtons estate agents — has been added to the bank’s panel of mortgage brokers and will aim to increase awareness of Al Rayan’s home finance proposition.
The mortgage broker will refer UK domestic Islamic home finance enquiries, as well as enquiries from expats in Gulf Cooperation Council countries who are looking to invest in the UK property market from overseas.
“[Alexander Hall’s] 25 years of experience in the sector and position as one of the top mortgage brokers in the UK means we’re looking forward to fostering this relationship, and increasing awareness of Islamic home finance to mainstream audiences in both the UK and abroad,” said Maisam Fazal, chief commercial officer at Al Rayan Bank (pictured above).
Greg Cunnington, director of lender relationships and new homes at Alexander Hall, added: “One of our responsibilities is to search the market and provide the widest choice of providers as possible for our clients, and it is important to us that we are able to source suitable options for all of them.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Shawbrook provides £5.4m facility to fund leisure park purchase
Shawbrook Bank has provided a £5.4m facility to Blue Sky Resorts to fund the purchase of the Spring Willows Leisure Park in Scarborough from the latter’s former landlord...
Tandem to launch financial education programme for young people
Tandem Bank has partnered with social mobility charity Brightside to launch Money Hacks — a dedicated financial education programme — in a local school...
Revolut launches savings platform for friends and family
Revolut has launched Group Vaults, a platform that enables customers to save with family and friends towards a common goal...
TSB announces two leadership appointments
TSB has appointed Robin Bulloch as customer banking director (pictured above) and Suresh Viswanathan as chief operating officer...
Industry reacts to Tesco Bank exiting mortgage market
Tesco Bank announced yesterday (21st May) that it had ceased new mortgage lending...
YellowDog names new CCO amid plans to enter financial services market
YellowDog has named James Stevens as its new chief commercial officer as part of its plans to enter the financial services market in the UK, US and Europe...
Is the UK punching beneath its weight when it comes to fintech?
The UK, and London in particular, has established itself as the world’s most important hub for fintech and an incubator of ideas, talent and capital. We must, therefore, ensure it retains its pre-eminence regardless of what Brexit brings...
Arbuthnot Commercial ABL funds MBI of Bornmore Metals
Arbuthnot Commercial ABL has funded the management buy-in (MBI) of non-ferrous metal stockholder Bornmore Metals...
Tesco Bank ceases new mortgage lending
Tesco Bank has announced that it has ceased new mortgage lending and is actively exploring options to sell its existing mortgage portfolio...
Aldermore grows from 30 to over 1,000 employees since launch
Aldermore has reached its 10-year banking milestone...
Charity Bank reports 43% lending surge in 2018
Charity Bank has revealed that it provided £48.6m to charities and social enterprises in 2018...