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What's happening the Islamic Mortgage market?

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Islamic Bank of Britain is introducing its mortgage product to Scotland. It is understood the launch is just the beginning of a wider push into Scotland - which is likely to include the opening of a physical branch and back office operations as well as the introduction of online retail banking for Scottish customers.

Comment
The Islamic mortgage market has decreased in size by about 35%; we envisage that it will continue to fall and mirror what is happening in the conventional market.  The biggest reason for this fall has been the limited available mortgage products for first time buyers and those looking to remortgage.

The Islamic mortgage market, is not offering any real alternatives to the ordinary customer, unless you have a large percentage of equity in the property or have a substantial deposit to put down.  Never the less, the Islamic mortgage market remains positive, with all lenders investing in new marketing initials to drum up business.

www.islamicmortgages.co.uk remains focused on provide the clear cut no nonsense approach to the UK Islamic mortgage market, our focus remains on providing good quality information without comprising our ethos.

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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).