Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Afin Bank Approves £135m in Mortgages in First Year

Afin Bank has reported £135 million in mortgage approvals during its first full year of operation. The lender says this milestone reflects growing demand for its specialist lending proposition aimed at under-served borrowers in the UK property market.

Afin Bank launched in July 2025, less than nine months after receiving approval with restrictions from regulators. The bank initially focused on supporting foreign nationals working in the UK on valid work visas. Since its launch, Afin Bank has expanded its offering to include self-employed borrowers, contractors, qualified professionals, customers with complex income streams, and high-net-worth clients.

Afin Bank is backed by WAICA Re, a major African reinsurance firm, which committed £62 million to launch the bank in the UK. The bank’s approach is designed to support borrowers who may not meet the criteria of mainstream lenders.

This development is relevant for UK letting agents and inventory clerks, as the bank’s specialist lending could increase activity in the rental and sales markets, particularly among clients with non-standard financial backgrounds.