HPP UK expats

The following range of ethical, Sharia compliant Home Purchase Plans (HPPs) is available to UK expats. 

Product name Finance
to value
Customer's
admin fee
Rental rate End date Revert
rental rate
Features More info & proc fee
Fixed 60% £499 3.14% 31 December 2022 4.09% No early settlement fees

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fixed 70% £499 3.29% 31 December 2022 4.09% No early settlement fees

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fixed 80% £499 3.59% 31 December 2022 4.09% No early settlement fees

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fixed 60% £499 3.59% 31 December 2025 4.09% No early settlement fees

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fixed 70% £499 3.69% 31 December 2025 4.09% No early settlement fees

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fixed 80% £499 3.74% 31 December 2025 4.09% No early settlement fees

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fees Assisted Fixed 60% £0 3.24% 31 December 2022 4.09% £300 cash back*
We'll pay customer's valuation fee*

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fees Assisted Fixed 70% £0 3.49% 31 December 2022 4.09% £300 cash back*
We'll pay customer's valuation fee*

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fees Assisted Fixed 80% £0 3.59% 31 December 2022 4.09% £300 cash back*
We'll pay customer's valuation fee*

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fees Assisted Fixed 60% £0 3.59% 31 December 2025 4.09% £300 cash back*
We'll pay customer's valuation fee*

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fees Assisted Fixed 70% £0 3.69% 31 December 2025 4.09% £300 cash back*
We'll pay customer's valuation fee*

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Fees Assisted Fixed 80% £0 3.74% 31 December 2025 4.09% £300 cash back*
We'll pay customer's valuation fee*

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Variable 80% £499 4.09% N/A N/A No early settlement fees

General information

  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If you choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Rent reviews: There will be four rent reviews a year in March, June, September and December. New rental 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. 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 applicable administration fee, please refer to the HPP Tariff List.
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

How to apply

There are a number of ways to apply or to request more information.

Other information

For your own benefit and protection, you should carefully read some important information leaflets we have prepared, before you complete the application.

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

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Product name Fixed
Finance
to value
60%
Customer's
admin fee
£499
Rental rate 3.14%
End date 31 December 2022
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fixed
Finance
to value
70%
Customer's
admin fee
£499
Rental rate 3.29%
End date 31 December 2022
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fixed
Finance
to value
80%
Customer's
admin fee
£499
Rental rate 3.59%
End date 31 December 2022
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fixed
Finance
to value
60%
Customer's
admin fee
£499
Rental rate 3.59%
End date 31 December 2025
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fixed
Finance
to value
70%
Customer's
admin fee
£499
Rental rate 3.69%
End date 31 December 2025
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fixed
Finance
to value
80%
Customer's
admin fee
£499
Rental rate 3.74%
End date 31 December 2025
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fees Assisted Fixed
Finance
to value
60%
Customer's
admin fee
£0
Rental rate 3.24%
End date 31 December 2022
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay customer's valuation fee*
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09%  (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fees Assisted Fixed
Finance
to value
70%
Customer's
admin fee
£0
Rental rate 3.49%
End date 31 December 2022
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay customer's valuation fee*
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fees Assisted Fixed
Finance
to value
80%
Customer's
admin fee
£0
Rental rate 3.59%
End date 31 December 2022
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay customer's valuation fee*
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fees Assisted Fixed
Finance
to value
60%
Customer's
admin fee
£0
Rental rate 3.59%
End date 31 December 2025
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay customer's valuation fee*
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fees Assisted Fixed
Finance
to value
70%
Customer's
admin fee
£0
Rental rate 3.69%
End date 31 December 2025
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay customer's valuation fee*
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Fees Assisted Fixed
Finance
to value
80%
Customer's
admin fee
£0
Rental rate 3.74%
End date 31 December 2025
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay customer's valuation fee*
More info & proc fee

General information

  • Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 4.09% (Bank of England Base Rate + 3.99% margin)
  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If customers choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Additional acquisition payments: No additional acquisition payments are permitted during the fixed rental period. Following the expiry of the fixed rental rate, additional acquisition payments can be made in the month of each rent review. 
  • 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. Customers 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 applicable administration fee
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.
  • Fees assisted available on refinance only

Procuration fees

For referred cases, Al Rayan Bank will pay a procuration fee upon completion of:

  • Home Purchase Plan 0.35% (gross)
  • Buy To Let Purchase Plan 0.50% (gross)

To register contact us online or by calling 0800 694 7238

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

Product name Variable
Finance
to value
80%
Customer's
admin fee
£499
Rental rate 4.09%
End date N/A
Revert
rental rate
N/A
Features No early settlement fees
More info & proc fee

General information

  • Finance amount: £30,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £80,000
  • Finance term: 7 to 35 years
  • Maximum number of applicants: Up to four applicants (all applicants must be owner occupier)
  • Valuation and legal fees: Valuation and legal fees is paid by the applicant(s). Al Rayan Bank has created a panel of solicitors who are experienced in the Islamic finance conveyancing process. If you choose to proceed with one of our panel solicitors, Al Rayan Bank will make a £400 (including VAT) contribution towards the Al Rayan Bank's legal costs. However, customers are not obliged to use one of our panel solicitors. 
  • Minimum age of applicant(s): 21 years
  • Rent reviews: There will be four rent reviews a year in March, June, September and December. New rental 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. Al Rayan Bank cannot change its margin whilst a fixed rent rate applies. 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 applicable administration fee, please refer to the HPP Tariff List.
  • Legal title:  For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made.

How to apply

There are a number of ways to apply or to request more information.

Other information

For your own benefit and protection, you should carefully read some important information leaflets we have prepared, before you complete the application.

Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe website. Al Rayan Bank is not responsible for the content of external websites.

* Cashback paid upon receipt of first monthly HPP payment. Valuation fee paid up to a maximum of £600

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