
The Property
The good news is there are relatively few property qualifications
- The property should be ready to let in its current state or require minimal improvements, such as redecorating at time of valuation
- Multiple properties/ portfolios are allowable - please refer to our Shariah Helpdesk for specific criteria
- The property must have a value of £40,000 or more
- The rent you charge your tenant must be greater than the rent due to alburaq
- A basic valuation is required. In addition, the Valuer will evaluate the ease of letting the property and provide an estimate of the likely income from renting the property unfurnished
- The maximum finance allowed for individual properties is £400,000, being up to 85% of the property value
- The maximum finance allowed for individual properties is £500,000, being up to 75% of the property value
- Maximum finance of up to £500,000 available per property
- We accept ex-local authority houses and ex-local authority flats, but not ex-office conversions or converted ex-local authority office blocks