Get a quote for home financeSite Map

What happens if I die, as the property is in the Bank's name?

In all circumstances, the Banks will make sure this is handled sensitively and respectfully. It may be possible to transfer payment obligations to other individuals as long as they are able to demonstrate their ability to meet the payment obligations. At present, most Banks do not offer life cover as they are not satisfied that any Shariah compliant alternatives to life assurance exist. However, if this is a concern, you should consult with an Independent Financial Advisor.


Islamic Mortgages Info
Copyright © 2011 Islamic Please read our Terms and Conditions
The entire product range offered on this website is Shariah compliant. However, from time to time we will promote relevant none Halal products where no Islamic / Halal alternatives exist. Your home is at risk if you do not keep up monthly payments due under an Islamic / Halal mortgage agreement (your lease and / or diminishing ownership agreement).