With the above option you can:

• Finance available on a Commodity Murabaha (Tawarruq) basis.
• Purchase either freehold or leasehold (50 years remaining at the end of the term of the Home Finance ) residential property located in London  the Home Counties, Manchester and Milton Keynes.
• Prime Central, Outer London and London Boroughs maximum FTV 70%.
• Home Counties, Manchester and Milton Keynes maximum FTV 70%
  Properties located elsewhere in England may be considered on a case-by-case basis.
• Suitable types of properties, location and maximum facility to value are at the Bank’s discretion.
• Refinance (re-mortgage) from an existing standard interest-bearing mortgage or from an existing Islamic home finance product.
• Sell the property when you wish (Legal fee and admin fee might apply).
• Settle the outstanding balance at any time (Legal fee and admin fee might apply).
• Available to employed and self-employed.
• Available to UK and Non-UK residents.
• Available to Trusts, legal corporate entities (special purpose vehicles) in the UK and abroad and UK partnerships.
• Minimum finance amount £250,000.
• Minimum age 18, maximum age at the end of the term of 80.
• No early payment charges with variable rate products
• Application fee of 0.75% payable based on the finance amount (an additional 0.25% will be payable if you are a portfolio landlord).

Buildings Insurance

You will be responsible for the maintenance of the property and ensuring that the property has appropriate building insurance in place before completion. As you are the registered owner of the property the Bank’s interest should be endorsed on the policy. Finance will not be released until proof of a valid insurance cover is provided. Such insurance policy should be on a Takaful (Shariah compliant insurance) basis if available in the market. For leasehold properties where the insurance is controlled by a landlord, you are required to promptly pay all the insurance premiums due.

Please note:

KFH PLC Base Rate – means the Kuwait Finance House PLC Base Rate and is used as a benchmark for the pricing of the profit. Our Shariah Supervisory Board have stated that the KFH PLC Base Rate, which tracks the Bank of England base rate can be used as a benchmark for determining the profit in Murabaha. Additionally, the use of such a benchmark is for comparing market rates only and to ensure transparency between the two parties.

You may find that when the payments on your home finance plan are reassessed due to a change in KFH PLC Base Rate, the amount may change either up or down because the payments are benchmarked against KFH PLC Base Rate.

To ensure you have the most up to date information available, please contact:

Please Note: calls may be recorded for monitoring and training purposes.

Any offer of finance will be subject to the Bank’s due diligence process. Terms and conditions of the above products are subject to change or may be withdrawn at any time at the Bank’s discretion.

Please note companies within the KFH Group which do not carry out investment business in the UK are not subject to the provisions of the UK financial services legislation. Accordingly, investors entering into investment agreements with such companies will not have the protection afforded by such legislation or the rules and regulations made under it, including the UK’s Financial Services Compensation Scheme.

Kuwait Finance House PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Registration Number 131818. Registered in England and Wales (company number 00877859) the registered office is Kuwait Finance House PLC, 35 Portman Square, London, W1H 6LR. Telephone +44(0)2074876500. Fax +44(0)2074876974. www.uk.kfh.com. Member of the KFH group.

We promise to act in a way that helps your ability to make informed decisions in line with your needs and financial objectives. This document does not constitute advice and is not a recommendation to obtain a home finance plan from Kuwait Finance House PLC.