Your Requirements
- Are an individual aged 21 or over (if a joint application, at least one applicant must be over 21). There is no maximum age.
- Have a minimum of 12 month previous Islamic home finance or mortgage borrowing experience within the last 5 years
- Are resident in the United Kingdom
- Minimum finance amount is £15,001 for purchases and £25,001 for refinances
- For up to 75% of the value of the property , it is not necessary to provide details of your income and expenditure
- For between 75%-85% of the property value, there is a requirement that you have a minimum personal income of at least £15,000
- Must let the property on an Assured Shorthold Tenancy basis
