Overview
For those who can provide proof of income - being fully employed or who are self employed with a minimum of 2 years certified accounts:
- Minimum age 21
- Minimum term 8 years
- Maximum term up to age of retirement (normally 65)
Professionals - up to 65% finance available for qualifying Professions:
- Medical Doctors
- Dentists
- Opticians
- Pharmacists
- Veterinary Surgeons
- Teachers
- Barristers
- Solicitors
- Accountants
- Actuaries
- Architects
- Chartered Surveyor.
Qualifying Properties
- Freehold Domestic Residential Properties in England and Wales
- Leasehold Domestic Residential Properties, including flats and maisonettes - With an unexpired lease term minimum 70 years plus the term of the tenancy (subject to landlord's consent if required, for us to let the property to you)
- Ex-Local Authority flats/maisonettes are acceptable in blocks up to four storeys in height provided they meet B&W requirements regarding leasehold properties. When the remaining local authority involvement is considered excessive, say more than 50% of the block, the property will be deemed unacceptable.
- Ex-Local authority houses
Non-Qualifying Properties
- Commercial Properties
- Properties outside England & Wales
- Freehold flats
- Shared ownership/ Key worker loans/ Homebuy/Right to Buy
Any offer of finance on qualifying properties will be subject to status and a satisfactory valuation report.
Our Shariah Supervisory Committee have permitted the use of LIBOR to calculate rent, provided that it is a benchmark that is well known or easily available so that no dispute can arise when calculating rent.
Any offer of finance will be subject to status and a satisfactory valuation report.
Terms and conditions of the above products maybe subject to change or maybe withdrawn at anytime.
