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Friday, November 22, 2019

News > Case Studies

Al Rayan Bank extends BTL range

Sam Monk | 16:12 Friday 8th November 2019

Al Rayan Bank has extended its BTL range and is now offering landlords 80% finance-to-value (FTV) for its BTL purchase plan (BTLPP) products.

These sharia-compliant products — which are also available to UK expats — were previously only available for up to 75% FTV.

Further details of the products include:

BTL purchase plans

Finance to value

Discounted variable rental rate

Fixed rental rate

Expat discounted variable rental rate

Expat fixed rental rate

Up to 75%

3.64%

3.74%

3.89%

3.99%

75% to 80%

3.74%

3.84%

3.99%

4.09%


Fixed until 04.11.21

Admin fee 1% of finance balance (min £995)

 

“With this latest product extension, the possibility of purchasing a BTL property has been made more widely available,” said Maisam Fazal, chief commercial officer at Al Rayan Bank (pictured above).

“We’re continually striving to offer a full range of sharia-compliant, best-in-class products to our customers of all faiths and none, and this is the latest offering in our award-winning products.”

 

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