Borrowing money from an Islamic Finance provider in return for security can be confusing, fast paced and risky. PLS Solicitors has the knowledge and expertise to expertly guide you through the complexities of an Islamic Finance deal, providing quick and commercial advice to protect you along the way.
Our client’s challenge
Our client was purchasing a property for investment purposes and looking to secure Islamic Finance. The client had previously experienced poor advice and customer service with solicitors in the UK, so were cautious when we first undertook the case.
Bridging the gap
Whilst it is critical, excellent customer service is just one part of the challenge. Primarily, arranging Islamic Finance can be time consuming, particularly when securing the loan for international borrowers. Not only are the security documents structured in such a way that requires specialist advice but lender requirements are often onerous for overseas investors. To guide our client well, we took control and led the whole process on their behalf to ensure all communication and documentation was well managed.
Responsive and timely delivery
We secured the transaction by reporting on the Diminishing Musharaka Agreement, Lease to the Bank and Underlease to the client from the Bank quickly, whilst satisfying all lender requirements and maintaining high levels of client satisfaction throughout.
The right result for our client
We first knew that we had exceeded our clients expectations when they left a 5-Star Google Review of the case handler and our process. The review was forwarded to the lender and they were delighted. The lender now regularly recommends our practice as one of their preferred firms to act for clients who wish to obtain with Islamic Finance products.