The relaunch follows a £20million capital injection from founding shareholder Qatar International Islamic Bank allowing the bank to realise product developments, including its flagship HPP product. The intermediary website was redeveloped as part of its overall sales strategy in which intermediaries have been identified as playing a key role.
IBB’s Home Purchase Plan allows those consumers seeking a mortgage, home finance without the use of interest. Rental rates start at 3.99% (for its fixed rate product) and all products carry an arrangement fee of £299.
Intermediaries have played an important role in the bank’s sales strategy and will continue to do so. IBB has improved the website’s look and feel, refreshing the content that intermediaries find most useful and making the site more user-friendly for intermediaries.
Underpinning this is IBB’s intermediary support programme designed to provide agents with a helpful and personal service. The programme provides personal access to regional IBB sales consultants and a dedicated intermediary helpline. Both offer intermediaries help with the application process, as well as being on hand to explain how IBB’s Home Purchase Plans work.
Commenting, Simon Walker, head of sales at IBB, said, “IBB looks forward to continue working closely with intermediaries to develop sales of the Home Purchase Plan (HPP) in 2011. The HPP is a strong, competitive, product which stands up to its conventional alternatives.
“The bank also offers intermediaries a solid, and unique, platform to develop their Islamic home finance offering. With all the elements in place the bank is therefore ready to embrace the continued demand from British consumers for Sharia compliant and ethical home finance.
“Intermediaries will play a key role in our activities and we look forward to achieving continued success all round.”
