Mortgage Times offers Sharia compliant mortgage
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Appointed representatives at Mortgage Times can now access a Sharia compliant mortgage from the Islamic Bank of Britain.
The IBB’S Home Purchase Plan offers Sharia compliant alternatives to conventional mortgage deals.
Rates start at 3.99% for its fixed rate deals with arrangement fees of £299 and finance available from £70,000.
The Home Purchase Plan is available to Mortgage Times brokers on a referral basis.
Sultan Choudhury, commercial director at IBB, says: “By working together with Mortgage Times brokers we can reach out to a wider audience of ethically minded customers who are looking for competitive financial products.
“We look forward to forging successful relationships with Mortgage Times members. ”
Richard Stokes, director of product and provider development at Mortgage Times, says: “This is an exciting development for both organisations and we expect it to deliver outstanding success for all concerned, particularly boosting the sales revenue of the brokers in our network.
“More of our brokers are requesting details of the Home Purchase Plan which is appealing to both Muslims and non-Muslims alike.
“These are exciting times which Mortgage Times is eager to capitalise on.”
