An enquiry was received from a resident of the UAE. The individual was looking to re-finance their existing mortgage on an investment property they owned in London.
- Middle Eastern UBO
- Real Estate Industry
- £3m Investment Property
- Prime Central London
- Sharia’a Compliant, Profit Only Mortgage
- FTV 75.00% / 2.20% + BoE / 1.00% Fee
The client came from a high profile family in the UAE who had accumulated their wealth over generations of investing in commercial real estate throughout the Middle East.
The client required a Sharia’a compliant mortgage and had initially engaged with a broker headquartered in London. It quickly became evident that the broker did not have the required expertise, and the client reached out to us direct. Using our extensive knowledge of the Middle East, we were immediately able to contact our lending partners who offer Sharia’a compliant mortgage products. Within 24 hours, indicative terms were issued on which the client was happy to proceed.
Leveraging our extensive network, not only were we able to assist with the mortgage, we introduced the client to a law firm that was able to advise from their office in the UAE. When the bank required some certifications around the client’s historic income, we were able to recommend an accountant.
Having a presence in Dubai makes Convici Capital the premier advisor for Middle Eastern clients. We understand the cultural nuances, and the differences between traditional and Sharia’a compliant products. We aim to meet all our clients in person at the outset of the relationship, meaning that both parties have the opportunity to explain in simple terms what they each expect from the relationship.