Premier Home Finance
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*
Key Features
- Sharia-compliant structure using Commodity Murabaha (Tawarruq).
- No interest involved – payments are based on a pre-agreed total price (Commodity cost + profit).
- Additional voluntary payments allowed (minimum £2,000; admin fee applies).
- Profit rate for unexecuted Murabaha trades will be reviewed quarterly in line with market conditions.
- Option to refinance from a conventional mortgage or another Islamic finance provider.
- No Stamp Duty on refinancing.
- Flexible payment options:
- Standard monthly payments (finance amount + profit).
- Profit-only option (finance amount payable at the end of the term).
- Eligible properties:
- Freehold residential properties in England & Wales.
- Leasehold properties with at least 80 years remaining plus finance term.
Forms & other information
The following important information leaflets should be read:
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* 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.