Buy To Let Purchase Plan
Pay rent not interest when you purchase your buy to let property - rent only and rent & acquisition options available.
Al Rayan Bank's Buy To Let Purchase Plans (BTLPP) use the Islamic finance principles of Co-ownership (Diminishing Musharaka) with Leasing (Ijara*).
You purchase a buy to let property with the Bank, paying rent* on the portion that we own and acquiring our share through monthly acquisition payments 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.
|Discounted Variable Rental Rate||Fixed Rental Rate||Finance to value (FTV)|
||75% (65% for rent only)||Find out more|
*Buy To Let Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.
Note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.