Mortgage Help For Those Seeking An Islamic Mortgage Quote To Best Suit Their Circumstances
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Are Islamic Mortgages more Expensive, than conventional mortgages?
In the past islamic mortgages have been affected by the lack of competition as well as conventional legislation on such issues as stamp duty. However over the last few years, several UK mortgage lenders have introduced Islamic products. The Islamic departments within these banks have had to earmark the funds so that they are sharia compliant, i.e. they were not raised through investments in non sharia industries, e.g. tabacco, drugs, and pornography. The increasing competition has helped to iron out a lot of historical issues and has thus allowed Islamic mortgages to narrow the gap to conventional mortgages in terms of costs. Even though Islamic mortgages have narrowed this gap this is only in terms of what is available by the traditional lenders standard variable rate, the traditional lenders still have cheaper products such Discounted Variable Rate Mortgage and Cash Back Offers.
Sharia Mortgages Frequently Asked Questions
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No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products. If you are interested in any of the information on the site, you should seek information from us. We cannot guarantee that information will be accurate, complete and current at all times. All information on our Website is subject to change without notice.









