Additional Acquisition Payments
If you want to make extra payments on your Home Purchase Plan (HPP) or Buy to Let Purchase Plan (BTLPP), this page explains how Additional Acquisition Payments work.
An Additional Acquisition Payment (AAP) lets you pay more than your regular monthly amount, helping you increase your share in the property more quickly. You can use it to:
- Reduce your monthly payments, your term remains the same
- Shorten your finance term payments will not reduce unless your rental rate has decreased.
Am I eligible?
Switched Before 1 October 2025?
You can make an AAP if you are:
- On our Variable Rental Rate
- On our Discounted Variable Rental Rate, or
- In the final month of your Fixed Rental Rate agreement
Switched on or after 1 October 2025?
If your agreement includes an Early Settlement Premium (ESP), you can still make AAPs. You can pay up to 10% of your outstanding balance each year without triggering the ESP. For more information, see the HPP Tariff List or our Early Settlement Premium page.
Key details
- Minimum AAP: £2,000
- Administration fee: £25 per payment (add this to your payment amount)
- Payment deadline: 20th of the relevant month
- Variable and Fixed rental rate customers: up to 4 payments a year (March, June, September and December)
How to make a payment
Step 1: Tell us what you'd like to do
Let us know whether you want to reduce your monthly payments or reduce your finance term. If no preference is communicated, the default action will be to reduce the monthly payment. Email acquisitions@alrayanbank.co.uk with your full name and six-digit Customer ID or use our secure webform: [Insert link].
Step 2: Send your payment
Transfer your payment (including the £25 fee) to:
- Account name: AlRayan Bank Limited
- Account number: 79977101
- Sort code: 30-00-83
- Reference: your Customer ID and name
Step 3: Provide proof of funds
We'll need to verify where your funds have come from. Email your supporting documents to acquisitions@alrayanbank.co.uk - we'll let you know if we need anything specific.
Documentation requirements:
| Source / Amount | Documents Required |
|---|---|
| Over £50,000 | 6 months’ bank statements showing sufficient funds |
| Under £50,000 | 3 months’ bank statements showing sufficient funds |
| Gifted funds | Gift letter + donor’s bank statements (6 months if over £50k, 3 months if under) |
| Shares / Dividends | Evidence of sale or dividend receipt |
| AlRayan Bank account | Usually no evidence needed, unless funds were recently deposited |
What happens next?
- Your additional acquisition payment will be applied when collecting your monthly payment the month after the additional acquisition payment is received. For example, additional acquisition payment is received in December it will be applied on your monthly payment date in January.
- You'll receive written confirmation of your updated payment amount or new finance term shortly after
Need help?
If you need support, email acquisitions@alrayanbank.co.uk or use our secure webform.