HPP Premier

Helping you buy property in the UK.

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

Our Home Purchase Plan Premier is tailored to your needs as a non-domiciled person not resident in the UK. Gulf Council (GCC) citizens will be offered a bespoke product and service.

For more information please call +44 (0) 203 713 8747  and speak to a member of our team. 

Key features

General information

Residential and tax status: Overseas residents who are citizens of any countries not affiliated to the European Economic Area (EEA)
Finance type New purchases and refinancing
Residential and investment purposes
Properties in England and Wales
Rental rate Negotiable pricing
Rental rate = Bank of England base rate plus an Al Rayan Bank margin
Finance amount Upto £25,000,000
Term 7 - 25 years
Maximum number of applicants Up to four applicants
Administration fee By negotiation (Typically between 1% and 1.5%)
Minimum age of applicants: 21 years

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

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)

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

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

Email

Online

Forms & other information

The following important information leaflets should be read:

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