Mutual consent and convenience

With our Islamic Buy to Let facility, you benefit from a convenient monthly payment scheme that complies with Shariah law while offering attractive rates and fees.

A Buy to Let facility enables you to purchase a property which you then let to private tenants. Like our Personal Home Purchase facility, our Buy to Let facility also complies with the Shari'ah law.

Under the agreement, you are able to increase your share in your chosen property each month. We also offer you attractive rates, quick processing and competitive fees. Rent is only charged on our share of the property and there are no early payment charges, helping you to keep your Buy to Let costs in check.

And once you have made all acquisition payments and the facility has been settled, we transfer ownership of the property to you.

Good For

  • You are a landlord of a small portfolio of 4 or less properties and you wish to let the property to a third party individual for residential purposes
  • You wish to purchase the property in accordance with Shari'ah principles

Not Good If

  • You and your family members or relatives wish to occupy the property you are purchasing

Our Ameen Islamic Buy To Let Mortgage Alternative offers landlords of small property portfolios (4 or less properties) a Shari'ah compliant facility to finance a property purchase that is intended to be rented to a third party individual for residential purposes. You'll benefit from a quick and simple application process and a dedicated Community Relationship Manager to support you through the purchase.

  • Fully Shari'ah compliant*
  • Competitive rates and low fees
  • Quick and simple application process
  • Support from a single, named point of contact
  • No early repayment charges

*The Shari'ah compliance of this product has been authorised by Mufti Barkatulla Abdul Kadir, former Senior Imam of North Finchley Mosque. Mufti Barkatulla is a Shari'ah Judge on the Islamic Shari'ah Council.

 

YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP WITH EITHER THE RENTAL OR ACQUISITION PAYMENTS.

More Information

  • What are the rental rates?

    The rental rates will depend on the Fund To Value (FTV) amount. 

      FTV  Rental Rate Minimum Finance Amount Administration Fee Early Repayment Charges Enquire Now
    Islamic Buy To Let Purchase Plan (Individual) - UK Resident - Variable 70% 4.10% Variable £100,000 minimum finance amount 0.50% of the finance amount No ERC Get In Touch
    Islamic Buy To Let Purchase Plan (Individual) - UK Resident - Variable 60%% 3.75% Variable £100,000 minimum finance amount 0.50% of the finance amount No ERC Get In Touch
    Islamic Buy To Let Purchase Plan - Non Resident - Variable 60% 4.50% Variable £100,000 minimum finance amount 0.50% of the finance amount No ERC Get in Touch
    Islamic Buy To Let Purchase Plan - Non Resident - Variable 50% 4.15% Variable £100,000 minimum finance amount 0.50% of the finance amount No ERC Get In Touch

     

  • What is the minimum finance amount?

    The minimum finance amount is £100,000

  • How can I apply for an Islamic Buy To Let Purchase Plan?

    UBL UK will need to assess your suitability for a Islamic Buy To Let Purchase Plan based on your circumstances. Please get in touch to arrange a meeting with one of our CeMAP® qualified Community Relationship Managers who will be happy to explore your options.

    To request a call back, please contact our Customer Services Team on 0121 753 6000 Monday to Friday from 9:15am to 5:15pm. 

    Alternatively, please complete the Enquiry Form and a member of the team will be in touch.

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If you'd like to know more about our Islamic Buy To Let Purchase Plans, please complete the contact form and a member of the team will be in touch.

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