IBB cuts Sharia compliant B2L rates
Both the Rent and Acquisition BTLPP and Rent Only BTLPP have been cut by 0.6% and are now available at a variable rental rate of 4.89%.
Imran Pasha, head of sales and service at the Islamic Bank of Britain, said: “IBB has kept up with the pace of change in the BTL sector by launching new products and now a rate cut of 0.6%.
“The Bank is committed to providing competitive Sharia compliant finance for landlords. It is also committed to providing intermediaries with the opportunity to grow their business from this buoyant market.
“With a competitive procuration fee for successful leads, which is currently matching the figures offered by other home finance providers for fully packaged cases, now is a good time for IFAs to consider working with IBB.”
Intermediaries can find out more by accessing IBB’s dedicated intermediary support service by visiting the banks website.