Fees Assisted HPPs
Do you have customers who are looking to move a conventional mortgage to an Islamic alternative, or are looking for a better deal on their existing Islamic home finance?
Al Rayan Bank has launched a 'fees assisted' range of Home Purchase Plans, designed to make it easier for people to move their existing home finance to us.
We'll assist with customers' refinance costs by waiving or contributing towards some of the upfront fees normally associated with refinancing home finance from one provider to another.
- The £399 HPP administration fee will be waived
- The valuation paid by the Bank (up to a maximum of £600)
- Upon the first monthly payment, we'll pay a 'cashback' of £300 to the customer
|Finance to value||Discounted
variable rental rate
|Fixed rental rate||Admin
|60% (fees assisted)
||3.04%||3.34%||£0||Refinance only||View details|
|70% (fees assisted)
||3.14%||3.44%||£0||Refinance only||View details|
|80% (fees assisted)||3.34%||3.64%||£0||Refinance only||View details|