Find out more about the award-winning Everyday Saver 3. This account is online only.

Settlement is the Sharia compliant equivalent of a conventional mortgage ‘redemption’. It is the point when you complete your acquisition of the Bank’s share in the property and own it outright.
Settlement will occur naturally at the end of the Home Purchase Plan (HPP) or Buy to Let Purchase Plan (BTLPP) term, but you can also settle your finance early if you choose to.
What to expect when you settle your finance agreement
Stage 1 – Requesting a settlement statement
Stage 2 – Settlement balance
Stage 3 – Transfer funds
Please note if the funds are not received on the day of settlement, the finance will remain in place and the payments will continue to be debited as normal. If a new settlement statement is required, you will need to repeat Stage 1. For each new settlement statement, there will be a charge of £20 per statement. This will be incorporated into the settlement balance.
Stage 4 – Transfer of title
We’re here to help
If you have any questions about settling your finance early or naturally, please contact us.
We answer some frequently asked questions about home finance.
Register for Digital Banking and manage your account on the move through our Mobile Banking app, or from the comfort of your own home through the Desktop Portal.