HPP UK residents

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

Product name Finance
to value
Customer's
admin fee
Rental rate End date Revert
rental rate
Features More info & proc fee
Fixed 65% £499 3.74% 30 September 2023 4.09% No early settlement fees
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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 65% £499 3.84% 30 September 2026 4.09% No early settlement fees
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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 65% £0 3.74% 30 September 2023 4.09% £300 cash back*
We'll pay your valuation fee*
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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 65% £0 3.84% 30 September 2026 4.09% £300 cash back*
We'll pay your valuation fee*
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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 Fixed
Finance
to value
65%
Customer's
admin fee
£499
Rental rate 3.74%
End date 30 September 2023
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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
65%
Customer's
admin fee
£499
Rental rate 3.84%
End date 30 September 2026
Revert
rental rate
4.09%
Features No early settlement fees
More info & proc fee
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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
65%
Customer's
admin fee
£0
Rental rate 3.74%
End date 30 September 2023
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay your valuation fee*
More info & proc fee
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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
65%
Customer's
admin fee
£0
Rental rate 3.84%
End date 30 September 2026
Revert
rental rate
4.09%
Features £300 cash back*
We'll pay your valuation fee*
More info & proc fee
  • 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: £100,000 to £1,500,000 (higher amounts may be considered)
  • Minimum property value: £200,000
  • 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.

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

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