Al Rayan Bank Intermediaries | For professional Intermediaries | Home Purchase Plan

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For professional intermediaries Call us on 0800 69 47 238

BTL UK residents

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

Sign up as an Intermediary

Product name	Finance to value	Customer's admin fee	Rental rate	End date	Revert rental rate	Features	More info & proc fee
Fixed	80%	1% of finance or min £995	3.39%	31 December 2022	5.09%	Rent only available No early settlement fees
General information Sign up as an Intermediary Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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.
Fixed	80%	1% of finance or min £995	3.89%	31 December 2025	5.09%	Rent only available No early settlement fees
General information Sign up as an Intermediary Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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.
Ltd Company Fixed	80%	1% of finance or min £1,295	3.59%	31 December 2022	5.09%	Rent only available No early settlement fees
General information Sign up as an Intermediary Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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.
Ltd Company Fixed	80%	1% of finance or min £1,295	4.19%	31 December 2025	5.09%	Rent only available No early settlement fees
General information Sign up as an Intermediary Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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%	1% of finance or min £995	5.09%	N/A	N/A	Rent only available No early settlement fees
General information Sign up as an Intermediary Finance amount: £30,000 to £1,500,000 (higher amounts may be considered) Eligibility: New and existing landlords Maximum portfolio: Ten properties across all providers. Five properties or £2,500,000 across all Al Rayan Bank finance products Minimum property value: £80,000 Finance term: 7 to 35 years Maximum number of applicants: Up to two applicants 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. 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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%	1% of finance or min £995	5.09%	N/A	N/A	Rent only available No early settlement fees
General information Sign up as an Intermediary Finance amount: £30,000 to £1,500,000 (higher amounts may be considered) Eligibility: New and existing landlords Maximum portfolio: Ten properties across all providers. Five properties or £2,500,000 across all Al Rayan Bank finance products Minimum property value: £80,000 Finance term: 7 to 35 years Maximum number of applicants: Up to two applicants 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. 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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	Fixed
Finance to value	80%
Customer's admin fee	1% of finance or min £995
Rental rate	3.39%
End date	31 December 2022
Revert rental rate	5.09%
Features	Rent only available No early settlement fees
More info & proc fee
Sign up as an Intermediary General information Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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	Fixed
Finance to value	80%
Customer's admin fee	1% of finance or min £995
Rental rate	3.89%
End date	31 December 2025
Revert rental rate	5.09%
Features	Rent only available No early settlement fees
More info & proc fee
Sign up as an Intermediary General information Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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	Ltd Company Fixed
Finance to value	80%
Customer's admin fee	1% of finance or min £1,295
Rental rate	3.59%
End date	31 December 2022
Revert rental rate	5.09%
Features	Rent only available No early settlement fees
More info & proc fee
Sign up as an Intermediary General information Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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	Ltd Company Fixed
Finance to value	80%
Customer's admin fee	1% of finance or min £1,295
Rental rate	4.19%
End date	31 December 2025
Revert rental rate	5.09%
Features	Rent only available No early settlement fees
More info & proc fee
Sign up as an Intermediary General information Revert rental rate: Discounted from Al Rayan Bank Variable Rental Rate which for Home Purchase Plan (HPP) = 5.09% (Bank of England Base Rate + 4.99% 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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	1% of finance or min £995
Rental rate	5.09%
End date	N/A
Revert rental rate	N/A
Features	Rent only available No early settlement fees
More info & proc fee
Sign up as an Intermediary General information Finance amount: £30,000 to £1,500,000 (higher amounts may be considered) Eligibility: New and existing landlords Maximum portfolio: Ten properties across all providers. Five properties or £2,500,000 across all Al Rayan Bank finance products Minimum property value: £80,000 Finance term: 7 to 35 years Maximum number of applicants: Up to two applicants 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. 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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	1% of finance or min £995
Rental rate	5.09%
End date	N/A
Revert rental rate	N/A
Features	Rent only available No early settlement fees
More info & proc fee
Sign up as an Intermediary General information Finance amount: £30,000 to £1,500,000 (higher amounts may be considered) Eligibility: New and existing landlords Maximum portfolio: Ten properties across all providers. Five properties or £2,500,000 across all Al Rayan Bank finance products Minimum property value: £80,000 Finance term: 7 to 35 years Maximum number of applicants: Up to two applicants 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. 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 Affordability: If the rent expected from the property does not meet the rental cover calculation, we may take into account any free personal income the applicant may have to make up the shortfall Please note: Buy to Let Purchase Plans are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Legal title: For HPPs in England & Wales, Al Rayan Bank holds the legal title until all aquisition payments have been made. Please note: Al Rayan Bank 'Fees Assisted' HPPs are available for 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.

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