HPP Premier
Helping you buy property in the UK.
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
Call us on +44 (0) 121 582 1676*
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 +44 (0) 121 582 1676*
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. AlRayan Bank is not responsible for the content of external websites.
* Call charges may vary. Please check with your local telecoms provider.
Your Relationship Manager
As a Premier customer you benefit from a personalised service from your personal relationship manager.