The discount equates to an effective rental rate of 5.99 per cent
Available for purchases and refinance
- , key product features are as follows:
- Discounted until September 2008 (with a rent review in March 2008)
- Finance of up to 95 per cent (subject to income)
- 4.5x sole income + second income or 4x joint income
- Minimum finance - £15,001 (£25,001 refinance)
- Free valuations
“This is great news for customers and especially those looking to establish a foothold on the property ladder. The promotions demonstrate our continued commitment to keep our Islamic financial products innovative and accessible."
Alburaq’s Shariah compliant home-finance and buy-to-let finance schemes have generated considerable attention from the Muslim community since launch and the fast growing Islamic mortgage market is predicted to grow to over £1 billion by 2009.
With traditional interest-based mortgages out of the question for many, the only choice for home ownership has been either going against the faith, or avoiding a mortgage altogether.
