Buy To Let Purchase Plan
Pay rent not interest when you purchase your buy to let property - rent only and rent & acquisition options available.
Unlike a conventional mortgage where you borrow money from a lender which is then repaid with interest, the BTLPP uses the Islamic finance principles of Co-ownership (Diminishing Musharaka) with Leasing (Ijara*), where you and Al Rayan Bank buy the property as partners and you pay rent* on the Bank's share in the property.
You acquire Al Rayan Bank's share in the property by paying a monthly acquisition payment over the term of the finance agreement, or by making a lump-sum acquisition payment at the end of the finance term, if you choose the rent only product.
For more information please call 0800 408 0436 and speak to a member of our team or complete our online form and we'll get back to you.
|Discounted Variable Rental Rate||Fixed Rental Rate||Finance to value (FTV)|
||65%||Find out more|
|4.14%||4.24%||75%||Find out more|
*Buy To Let Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.
Note: Al Rayan Bank's Buy to Let Purchase Plan is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.