Islamicmortgages.co.uk allows you to view a range of home finance product information, provided by all the lenders in the UK. We make sure that all our information is up to date, provided in an easy to understand language; whilst at the same time making the whole decision making process as simple and easy to manage as possible.
Since April 6th 2007, people taking out Islamic mortgage have gain official protection from the Financial Services Authority (FSA). The mortgage conduct of business (MCOB) rules will apply to regulated mortgage contracts which will now include Home Purchase Plans (Islamic Mortgages). This new regulation builds on the FSA's financial inclusion agenda, extending protection to consumers interested in financing a home purchase in a way acceptable under Islamic law.
For more information on your rights as a consumer, please downlaod the FSA Fact Sheet.
Try our partner Broker Service first - they work with lower deposit rates and provide a one stop shop click here for more information.
Buying for the first time can seem a big step - but you have come to the right place. We have helped humdreds of Muslims and none Muslims to resource their first home the shariah way.
Our website will help provide a guide of the buying process, we'll help you make a sense of the confusion, understand the jargon and get the lenders to answer any questions you may have.
Lenders:
Whether you've already found your new home, or are just starting to think about moving, our lenders can offer the help and choice of islamic mortgages you need.
There's a lot to think about when selling your home and moving to a new property; it can take a lot of time and effort. This webiste has been designed to help you make the process as stress free as possible.
Lenders:
You may want to switch your conventional mortgage to enjoy the peace of mind of having an islamic mortgage which is Riba free; this is the process of remortgaging. With real competeive alternatives to conventional mortgages, there is really no rason why all muslims should not have an islamic mortgage.
Lenders:
The potential growth of the buy to let property market is indicated by the following statistics from the Association of Residential Letting Agents (ARLA) expects that the private rental sector will grow from its current level of around 11% of the housing market, up to 20% by the year 2020. One reason for this is the increase in the number of single persons and single-parent families wanting rented accommodation.
There are now a number of Islamic mortgages available for those interested in investment properties and buy to lets.
Lenders:
Our lenders can provide a bespoke solution for your financing requirements to help build a profitable property portfolio; you may own a number of properties at the moment and are considering switching them all to an islamic mortgage based portfolio.
Islamic finance solutions now exist to help facilitate property purchases allowing portfolio growth with minimal financial input.
Lenders:
Due to differences in the Scottish legal and financial system there is currently only two lenders of Islamic Home Finance in Scotland:
There is currently NO islamic mortgage provision in Northern Ireland.
ABC International Bank Plc. provides the complete solution to buying your home in the UK through Islamic Finance. Whether you are an individual or a orporate investor, we have tailor made financial products to assist your purchase.
The Qur'an (2:276) says: "Allah has permitted trade and forbidden usury" and in 2:278 reminds the Muslims: "O ye who believe, keep your duty to Allah and relinquish what remains (due) from interest, if you are believers."
As a prospective purchaser of Islamic mortgages, we believe that you need to understand the issues which exist, question the authority of the Fatwa's which have been made and look to see what is right for the eyes of Allah.
