Jordan International Bank enters UK residential and rental markets
Jordan International Bank is preparing to launch a premier residential and rental mortgage offering in the UK.
The Bank is regulated by the FCA and PRA to make regulated home finance loans in the UK and initially aims to focus on international clients looking to buy property in England and Wales through its private banking arm. .
The Bank will consider financing senior residential mortgages, with loans ranging between £ 150,000 and £ 8million, both for owner occupation and for rental investment purposes.
BEP Systems, the mortgage origination software company, has been appointed by Jordan International to provide system solutions for its new mortgage and rental lending platform.
Hichem Turki, Head of Private Banking at Jordan International Bank, said: “We were very impressed with the credentials from BEP Systems as they work with other UK based mortgage and rental lenders. Their knowledge and understanding of the business requirements for our innovative new product line as well as the product flexibility to tailor our regulated loan offerings to meet the needs of our clients was excellent. “
Chris Little, Managing Director of BEP Systems, added: “I am delighted to have worked with an established UK bank to develop new products and services for its international clientele. Our Apprivo2 platform has been customized to meet the demanding requirements of the new products offered by JIB. We believe Apprivo2 is one of the fastest growing systems in the UK serving specialist financial lenders and continues to provide industry leading software solutions.
“We were also successful in contracting and starting delivery of this project during the Covid-19 lockdowns with staff working remotely, demonstrating the flexibility of our staff to be able to continue operating at full capacity to support our existing customers. while continuing to work on new projects. “