Key benefits
• Dedicated Arabic-speaking IBB Relationship Manager who will be the direct point of contact for HPP Premier clients
• High quality and fast service
• Supporting clients throughout the entire process from sourcing the ideal property to completion of the transaction
• Tax advice provided by our specialist partner
IBB is your ideal choice as a partner in your financial journey.
Key features
| Residential and tax status |
• Available for UK non domiciled and non resident GCC clients
• Tax efficient offshore and onshore structuring available |
| Property |
• Available for new purchases and refinancing
• Available for both residential and investment purposes
• Available for properties in England and Wales |
| Finance |
• Up to 70% maximum finance to value
• Amounts £500,000 to £2,500,000 |
| Price |
• Negotiable pricing, Rental rate = (Bank of England Base Rate plus an IBB margin) |
| Minimum Property Value |
• £500,000 |
| Term |
• 7 to 30 years |
| Administration fee |
• Up to 3.0% of finance to value |
| Valuation and legal fees |
• Paid by the applicant(s)
• We will pay up to £400 (inclusive of VAT) towards the costs of our own solicitor’s fees as a contribution towards supporting your HPP Premier application |
| Minimum age of applicants |
• 25 years |
| Rent reviews |
• Quarterly rent reviews each year in March, June, September and December
• New rent rate effective from 1st April, 1st July, 1st October and 1st January
• Additional Acquisition Payments can be made in the month prior to each rent review (minimum £4,000 with a £25 administration fee) |
| Margin |
• The bank reserves the right to change the margin on its products however, a cap applies of 2%. This means that the bank cannot increase the margin on its HPP products by more than 2% over the margin that applied at the outset.
• You will be given at least 30 days advance notice of any changes in the pricing structure |
| Settlement |
• Customer has the option to sell the property at anytime without any penalties (subject to an administration fee to cover any costs) |
For further information or to apply, please call us on +44 2033 68 69 70
YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR HOME PURCHASE PLAN PREMIER