This document is designed to provide you with an overview of all information and documents that Nomo require to
consider a request for a loan for either the purchase of a residential property, buy-to-let property or a refinance of an
existing loan facility. Please ensure you have provided all the required information and documentation as you submit
your application into our broker portal.
All applicants
| Required Information | Additional Information |
|---|---|
| Completed Application Form | Please ensure you complete the application form via our broker portal with all the required information. |
| Bank statements | Please provide the customers’ previous three months’ worth of bank statements for all accounts in all domiciled countries (including United Kingdom). If rental income is received, please provide the previous six months’ worth of bank statements. |
| Personal Credit Report |
Please provide a credit report for the customer for all previous domiciled countries within the
Please note credit reports should be dated within 30 days of application. |
| Employment Details Only applicable if employed. |
Please provide employment payslips for the previous three months OR a reference from the employer. Please also provide two years evidence of bonus/commission if this has been received. |
| Self-Employment Details Only applicable if self-employed. |
Please provide business bank statements for the previous six months and audited accounts which shows salary/dividends. For the audited accounts, if the customer has been self-employed for over five years, then two years of accounts can be provided. Otherwise, three years of accounts can be provided. If the audited accounts, do not contain details of the applicant’s salary or dividends, then a reference from an independent and certified accountant should be provided in addition. The accountant should hold an internationally recognised qualification i.e. ACCA or CIMA. |
| Financial Dependents | Please provide all information on the customers financial dependents including name, age and relation. |
| Tenancy Agreements for Rental Properties |
If the customer resides in a rental property, please provide tenancy agreements and evidence on the abovementioned bank statements showing the rent for the previous three months. If the customers’ employer pays the rent, then evidence is required by way of a letter from the employer or their employment contract. |
| Owned Main Residence | If the customer owns their main residence, please provide evidence of ownership. For example, deeds which shows the ownership of the property |
| Existing Liabilities | Please provide credit card statements for the previous three months for all existing credit cards. Please provide the latest annual mortgage statements for all existing mortgaged properties that the customer owns. |
| Deposit If property purchase only. |
Please confirm the source of the funds provided for the deposit on the property. |
| Completion Date | Please provide a date of completion that the funds are required i.e. the completion date of the property or the date the existing mortgage expires. |
Affordability Details
| Required Information | Additional Information |
|---|---|
| Expenditure | Please provide a breakdown of essential and non-essential expenditure via the application. |
| School Fees | If the customer pays for school fees, please provide a copy of invoices or a fee schedule for the whole academic year. If the school fees are paid directly via the customer’s employer, then please provide evidence by way of a letter from the employer. |
| Rental Income | Please provide assured shorthold tenancy (AST) agreements for the previous three years alongside the abovementioned six months’ worth of bank statements. |
| All Other Income | Please provide appropriate evidence of all other income including government income. |
New Build Property Purchases Only
| Required Information | Additional Information |
|---|---|
| Completion Date | Please provide evidence from the developer of the date of when the property will be completed. |
| Other Information | Please provide CML disclosure and floor plans for the property. |
Refinance Details Only
| Required Information | Additional Information |
|---|---|
| Outstanding Finance | Please provide confirmation on the outstanding finance on the property. |
| Existing Lender | Please provide the name of the existing lender. |
| Latest Annual Statement | Please provide a copy of the latest annual statement from the existing lender. |
| Existing Loan Maturity | Please provide the date the existing loan is expiring and requires refinancing on. Please also confirm whether any early repayment charges are payable |
| Other Information | If more finance has been requested that the current outstanding amount, please confirm the purpose of the additional funds. If less finance has been requested than the current outstanding amount, please confirm the source of funds for the partial redemption. |
SPV Only
| Required Information | Additional Information |
|---|---|
| Bank Statements | Please provide the latest three months of bank statements for the SPV or if newly formed, confirmation of account opening. |
| Financial Accounts | Please provide the latest three years’ of the SPV’s financial accounts. |
All documentation is required to be provided in English though it is not required to be translated by an official
translation company. Please provide the original documentation and the translated documentation.
Please note you are not required to certify any documentation.
Please note that we cannot accept dual representation for solicitors. We require the customer to have their own
solicitor, and the bank will appoint their own. Please ensure the customers’ solicitor is SRA registered and able to advise
on Shariah finance. If the customer does not have a solicitor, the bank is happy to provide a range of suitable firms