Luxury apartment in London

HPP Premier

Helping you buy property in the UK.

Product information +44 (0) 203 713 8747

 

Negotiable
N/A

YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR HOME PURCHASE PLAN

Product summary

Negotiable
N/A
Negotiable
Variable
By negotiation (Typically between 1% and 1.5%)
By negotiation
No early settlement fees

Rent reviews

  • There will be four rent reviews a year in March, June, September and December
  • New rent rate effective from 1 April, 1 July, 1 October and 1 January
  • Additional acquisition payments can be made in the month of 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% 
  • Therefore Al Rayan 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

How to apply

There are a number of ways to  apply for a Home Purchase Plan Premier or to request more information:

Phone

  • Please call our HPP Premier team on:
    • Office: +44 (0) 203 713 8747
    • Mobile: +44 (0) 7825 033 829

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)

Forms & other information

The following important information leaflets should be read:

To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe website. Al Rayan Bank is not responsible for the content of external websites.

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Your Relationship Manager

As a Premier customer you benefit from a personalised service from your personal relationship manager.

Find out more

Frequently asked questions about HPP Premier