HPP and Buy to let

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

Unlike conventional mortgages and refinances, Al Rayan Bank's Sharia compliant Home Purchase Plans (HPP) and our rent & acquisition Buy to Let Purchase Plans (BTLPP) do not involve interest charges and are based on joint ownership.

The customer's monthly payment increases their share in the property and includes a payment for the use of the share that the Bank owns. At the end of the finance term the customer will own the property outright.

HPPs and BTLPPs are available to UK residents and expats working overseas.

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