Product Description
Ex pat, Non UK Residents (offered solely by ABC International Bank)
Rent is calculated 6 monthly, on the basis of 6 Month LIBOR (on date of purchase) + margin of 1.5% to 2%.
Current pricing - Please call 0800 587 8866
Arrangement fee circa 0.5% - 1.0%
Available for Leasehold and Freehold properties
Finance available in the names of individuals / corporates / trusts
Features: Additional lump sum payments can be made prior to each rent review.
Please note that with all products, you can pay the entire amount at any time without penalty. There is no minimum amount when making additional lump sum payments prior to each rent review, and there is no charge in doing so.
*LIBOR - means the London Inter-bank Borrowing Rate, and is used as a benchmark for the pricing of rent. LIBOR rates are set daily and can be easily obtained in financial newspapers or on the internet. 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.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP MONTHLY PAYMENTS DUE UNDER YOUR LEGAL AGREEMENTS WITH US
