BBK and GFH in key mortgage accord

MANAMA: BBK has signed a memorandum of understanding (MoU) with GFH Properties, commencing a strategic partnership agreement, through which BBK will provide mortgage financing to buyers of residential properties in the Harbour Row project.

Under the terms of the agreement, GFH will advise customers who require funding in the form of mortgage loans to consider BBK as the end user funding partner.

BBK’s deputy chief executive Mohammed Malik said customers from all nationalities residing in the GCC who wish to own a property in the Harbour Row project will enjoy excellent repayment structures at competitive interest rates and loan terms from BBK.

GFH Properties managing director Haitham Fekry said the developer’s main goal is to provide the best residential solutions at affordable prices for those who wish to own a property in the Harbour Row project.

The Harbour Row project faces the Bahrain Financial Harbour.

Source: http://www.gdnonline.com/Details/443951