Despite fears at the outset of the pandemic, the UK economy and housing market have shown a recovery more remarkable than many anticipated.
Islamic fintechs are using the same underpinnings of lean business models and enabling technology, but with one greater value add - that is, Shariah compliance and the ethical nature of the Islamic fintech.
It’s been a turbulent time for most industries since COVID-19 shook our world in 2020, with shockwaves still emanating through our lives.
The sight of boarded up commercial buildings across towns and villages, often grand beautiful Victorian-era industrial relics in the North of the UK, is a blight on the landscape.
Can intermediaries look beyond bricks and mortar to see how other assets can be used to act as security for a loan?
With a raft of factors affecting smooth running of developments at present, it would be prudent for brokers and advisers to encourage investors and developers to build in a higher contingency.
Economic uncertainty led to unusual caution from mainstream lenders, with analysis revealing a sharp reduction in the availability of basic mortgage products.
The pandemic has dented some of the allure of the capital, sure, but it hasn’t removed it entirely.
Ongoing property price inflation and growing rental demand mean that refurbishment projects continue to present a good opportunity for investors.
The UK is now the top Western Centre for Islamic finance, with the number of institutions offering these services estimated to be nearly double the number located in the US, and far ahead of other Western countries.