Al Rayan launches BTL purchase plan
By Sam MonkAl Rayan Bank has launched a limited company buy-to-let purchase plan (BTLPP)
Section: Limited Company
The new product — which allows landlords to purchase their investment properties in a more tax efficient way — is being offered to customers at a variable rental rate of 3.89% and a fixed rental rate of 3.99%.
The Islamic bank is offering maximum finance-to-value (FTV) on rent and acquisition products of 75% as well as 65% FTV on rent-only.
“The new limited company BTLPP broadens our offering and helps us to ensure we provide a full suite of products for landlords,” said Maisam Fazal, chief commercial officer at Al Rayan Bank (pictured above).
Keywords: Al Rayan Bank, specialist banking, Islamic bank, specialist banks, BTL product, buy to let, BTLPP, limited company buy to let purchase plan, buy to let purchase plan, landlords, product offering, bridging and commercial
Source: BTL Insider — https://btlinsider.co.uk/al-rayan-launches-btl-purchase-plan