OFFA has become the latest lender to join the Association of Short Term Lenders (ASTL).
The lender is the first bridging finance provider in the UK to offer products designed in accordance with Islamic and ethical financing principles.
OFFA provides residential, commercial, refurbishment and planning bridging loans as well as development finance, and its management team has combined experience of more than 50 years of property finance experience.
“Shariah-compliant finance is now an established part of the mainstream UK financial services landscape, used by Muslims and non-Muslims alike,” OFFA head of operations, Bilal Ahmed, commented. “With OFFA, we’ve extended its reach into short-term lending, and are already seeing significant demand as property investors seek alternatives to the high street.
“As a company that acts in accordance with ethical financing principles, we pride ourselves on being open and transparent in all our dealings and prioritise high quality customer service. So it was a natural fit with us to become members of the ASTL, which promotes these values throughout the industry.”
ASTL CEO, Vic Jannels, added: “I’d like to welcome OFFA to the ASTL. As with all of our members, the team at OFFA has demonstrated a customer focus and commitment to upholding and promoting our Code of Conduct, which is a kitemark of quality throughout the industry. I would encourage all brokers seeking a short term lending solution for their clients, to look for ASTL membership as a badge of quality.”
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