| Lender |
Mortgage Type |
Duration |
Initial Rate |
Subsequent Rate |
The Overall Cost For Comparison |
Notes |
 |
Fixed (up to 80% finance available) |
Fixed until 31 March 2015 |
4.19% |
4.19%% |
N/A |
Available to all customers regardless of faith. Up to 80% finance offered on property value of £100k or more. Minimum finance of £70,000 - maximum £750,000. Exceptions considered. (£399 IBB admin fee). |
|
Variable (up to 80% finance available) |
Ongoing |
4.49% (3.99% + base rate) |
4.49% (3.99% + base rate) |
N/A |
Available to all customers regardless of faith. Up to 80% finance offered on property value of £100k or more. Minimum finance of £70,000 - maximum £750,000.
(£399 IBB admin fee).
|
|
Buy To Let (up to 75% finance available) |
Ongoing |
5.49% (4.99% + base) |
5.49% (4.99% + base) |
N/A |
Available to all customers regardless of faith. Rates start from 4.99%. Up to 80% finance offered on property value of £100k or more. Minimum finance of £70,000 - maximum £500,000. Exceptions considered. |
|
Commercial Property Finance |
Choice of repayment terms available from 3 months to 25 years. (Range of terms available to you will depend upon your circumstances) |
Available on application |
Available on application |
Administration fee – 1% |
For business properties in England & Wales; for freehold and leasehold properties. For purchasing, refinance and equity release. From £500,000 to £3.5million. Minimum deposit is 30% of the property value. |
 |
Standard Ijara Home Purchase Plan |
Until 1st April 2011 |
Basic rent rate of 3.99% fixed |
Thereafter a fixed margin of 2.69% above 12 month Bank LIBOR for the remaining term |
N/A |
Up to 65% finance is available, margin is fixed and guaranteed for the entire term; availble for purchases and refinance, for freehold and leasehold properties. |
|
Buy to Let Ijara Home Purchase Plan |
until 1st April 2011 |
Basic rent rate of 4.49% |
Thereafter a fixed margin of 2.75% above 12 month Bank LIBOR for the remaining term |
N/A |
65% finance is available, margin is fixed and guaranteed for the entire term; available for purchases and refinance, for freehold and leasehold properties.. |
|
Buy to Let Murabaha Purchase Plan |
Entire term |
Profit rate of between 5.5% and 6.5% and is fixed and guaranteed for the entire term |
N/A |
N/A |
65% finance is available, margin is fixed and guaranteed for the entire term; available for purchases only, for freehold or leasehold properties |
|
Non-UK Residents Home Purchase Plan |
Until 1st April 2011 |
Basic rent rate of 3.99% |
Thereafter a fixed margin of 2.69% above 12 month Bank LIBOR for the remaining term |
N/A |
65% finance is available, both the Ijara and Murabaha Home Purchase Plans are available, Murabaha profit rate of between 5.5% and 6.5% which is fixed and guaranteed for the entire term; Purchase or refinance residential property for either letting as an investment or own use. |
|
Non-UK Residents Home Purchase Plan |
Until 1st January 2011 |
Basic rent rate of 3.46% |
Thereafter a fixed margin of 2.69% above 3 month Bank LIBOR for the remaining term |
N/A |
Up to 65% finance is available, both the Ijara and Murabaha Home Purchase Plans are available, Murabaha profit rate of between 5.5% and 6.5% which is fixed and guaranteed for the entire term, Purchase or refinance residential property for either letting as an investment or own use. |
|
Rent Only Ijara Plan |
a) Until 1st January 2011
b) Until 1st April 2011 |
a) Basic rent rate of 3.46%
b) Basic rent rate of 3.99% |
a) Thereafter a fixed margin of 2.69% above 3 month Bank LIBOR for the remaining term
b) Thereafter a fixed margin of 2.69% above 12 month Bank LIBOR for the remaining term |
N/A |
New to the UK home purchase plan market, Up to 65% finance is available, term of up to 15 years, monthly rental payments only, with the outstanding purchase price (capital) payable at the end of the agreed term. No over payments, fixed profit margin throughout. |
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