Buy To Let Purchase Plan

The customer and Bank purchase the buy to let property together; over time the customer acquires the Bank's share, paying rent on the portion they do not yet own.

Buy To let Purchase Plans (BTLPP) use the Islamic finance principles of Co-ownership (Diminishing Musharaka) with Leasing (Ijara), where the customer and Bank buy the property as partners.

The customer acquires Al Rayan Bank's share in the property by paying a monthly acquisition payment over the term of the finance agreement, or by making a lump-sum acquisition payment at the end of the finance term, if you choose the rent only product.

Finance to value Discounted Variable Fixed Expat Discounted Variable Expat Fixed  
75% (65% Rent Only) 3.64% 3.74% 3.89% 3.99% Find out more

*Buy To Let Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

Intermediaries can find out more by accessing Al Rayan Bank’s dedicated intermediary support service, which can be contacted on 0800 694 7238.  Upon registration, Intermediaries will be able to introduce business to Al Rayan Bank by referral, i.e. the provision of customer contact details.

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