Nomo launches property finance offering in Scotland

Nomo, the digital bank providing Sharia’a-compliant UK property finance to international clients, has expanded its offering to support property purchases in Scotland for the first time.

Nomo’s 2025 report showed that Glasgow, which had the lowest average asking price in the UK that year, topped the table for local authority searches from GCC buyers, with over 4% of enquiries. 

Research from Nomo and property search portal Rightmove shows strong Gulf demand in both rural and urban areas of Scotland since 2024, with Glasgow, Edinburgh and South Lanarkshire all featuring among the most searched locations.

The Scotland launch follows Nomo’s announcement earlier this year that it was cutting rates across its full property finance range, as well as introducing a new pricing tier for HNW clients on facilities above £500,000.

Scotland’s house prices have risen by more than anywhere else in the mainland UK according to the Halifax House Price Index, with prices growing by 5.4% to an average of £221,711 in January. Savills reported that while uncertainty in the run-up to the UK Budget last year impacted market confidence, Scotland bucked the trend.

The number of prime net agreed sales at £500,000+ during Q4 2025 in Scotland increased year-on-year by 11%, compared to a 5% drop in regional markets outside London, according to data provider TwentyCi.

Layla Hamidian, head of property finance sales and servicing at Nomo, commented: “Since we launched in 2021, we’ve seen growing demand among brokers for finance for Scottish purchases. We’re pleased to now be able to respond to this demand and bring Scottish property investment to our brokers and clients.

“Scotland’s housing market is buoyed by strong fundamentals, with robust sales activity, steady price growth, and broad-based buyer demand. So, whether buyers are looking for a new build in Inverness or a Georgian townhouse in Edinburgh, our BDMs are ready to help GCC residents tap into this growing market.”