Home Purchase Plan Premier
Helping you buy property in the UK
Sharia compliant, flexible, affordable finance
Our Home Purchase Plan Premier is tailored to your needs as a non-domiciled person not resident in the UK. Gulf Council (GCC) citizens will be offered a bespoke product and service.
For more information please call +44 203 402 5213 and speak to a member of our team.
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General information
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| Residential and tax status |
- Available for UK non domiciled and non resident GCC clients
- Tax efficient offshore and onshore structuring available
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| Finance type |
- New purchases and refinancing
- Residential and investment purposes
- Properties in England and Wales
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| Rental rate |
- Negotiable pricing
- Rental rate = Bank of England base rate plus an IBB margin
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| Finance amount
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Minimum property
value
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| Term
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| Maximum number of applicants
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- Up to four applicants
- One of which must be an owner occupier of the property being financed
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| Administration fee |
- Up to 3.0% of the finance value
- IBB will pay up to £400 (inclusive of VAT) towards the costs of our own solicitor's fees
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| Minimum age of applicants
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Rent reviews
- There will be four rent reviews a 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 it's products however a cap applies of 2%
- Therefore IBB 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
- The customer has the option to sell the property at any time without any penalties (subject to an administration fee to cover any costs)
YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR HOME PURCHASE PLAN PREMIER
For further information or to apply:
Phone
- Please ring our specialist Sales team on +44 203 402 5213
The following important information leaflets should be read: