With immediate effect, the lender has cut rates on its two-year fixed-rate mortgages by 21bps and by 24bps on its five-year fixed-rate mortgages.
With immediate effect, the lender has cut rates on its two-year fixed-rate mortgages by 21bps and by 24bps on its five-year fixed-rate mortgages.
Elsewhere, Offa has cut fees on its HMO and MUFB products from 1.5% to 1%.
“We are dedicated to bringing Islamic finance into the 21st century, leaving behind the onerous paperwork and cumbersome systems that many customers have typically suffered in the past,” said Sagheer Malik, chief commercial officer and managing director of retail finance at Offa (pictured above).
“Our streamlined digital application process — which is unparalleled in the Islamic finance market — means clients can potentially get a fair decision within minutes, depending on credit rating and risk criteria.”
