HPP Premier
Helping you buy property in the UK.
Negotiable
N/A
YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR HOME PURCHASE PLAN
Product summary
Negotiable
N/A
Negotiable
Variable
By negotiation (Typically between 1% and 1.5%)
By negotiation
No early settlement fees
Call us on +44 (0) 121 582 1676*
Rent reviews
- There will be four rent reviews a year in March, June, September and December
- New rent rate effective from 1 April, 1 July, 1 October and 1 January
- Additional acquisition payments can be made in the month of each rent review
- Minimum £4,000 with a £25 administration fee
Margin
- The Bank reserves the right to change the margin on its products, however, a cap applies of 2%
- Therefore Al Rayan Bank cannot increase the margin on its HPP products by more than 2% over the margin that applied at the outset
- You will be given at least 30 days' advance notice of any changes in the pricing structure
How to apply
There are a number of ways to apply for a Home Purchase Plan Premier or to request more information:
Phone
- Please call our HPP Premier team on +44 (0) 121 582 1676*
Settlement
- The customer has the option to sell the property at any time without any penalties (subject to an administration fee to cover any costs)
Forms & other information
The following important information leaflets should be read:
To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe website. Al Rayan Bank is not responsible for the content of external websites.
* Call charges may vary. Please check with your local telecoms provider.
Your Relationship Manager
As a Premier customer you benefit from a personalised service from your personal relationship manager.