Halal mortgages in Bradford
Halal investment mortgages are best for people living in Bradford who cannot afford the normal process of mortgages. Halal mortgages work on rules and norms based on Shariah-compliant, i.e. these mortgages are interest-free. According to the Islamic religion, interest is considered to be haram (illegal), as stated by Qur'an. Only a few companies offer investment mortgages in Bradford based on Islamic religion, and Uneek Homes is one of them.
What is an Islamic mortgage, and how does it work?
The term Islamic mortgage indicates something related to Islam whose policies and rules have been laid out from Qur'an. Islamic mortgages operate according to the Shariah principles in which to charge interest on borrowed money is strictly prohibited. It is a halal way of buying a property in the UK. Qur'an strictly condemns the interest policy and states that it is a sin to earn a profit through someone's earnings. Thus these mortgages are quite different from conventional mortgages.
The process to get these types of loans depends on the institution providing Islamic mortgages. Every company has its style of dealing with clients, but Uneek Homes provides you with the easiest method to get an Halal investment mortgage. We offer you the consultation from our team members, which you can directly book from our website. Our team members will help you understand everything about our policies and conditions. Our company will provide you with a simple procedure without consuming your precious time.
Where & how can I get an Islamic mortgage?
To qualify for a Shariah mortgage, you should carry a deposit of at least 20 percent of your property. The Islamic mortgages are often referred to as home purchase plans which work on three basic things, i.e., lease, partnership, and profit. One can get these loans from the banks or financial institutions that provide these finances.
Uneek Homes also provide halal mortgages in Bradford. For applying; you need to follow a few steps.
Book a consultation
Select a payment plan and decide if you want to do a 5-10 year term according to your affordability
We allocate a property to you from our exclusive stock.
Sign legal contracts
Pay deposit
Start to pay the agreed monthly instalments with zero interest.
After finishing the final payment, the ownership will be transferred to you by Uneek Homes,
Get Connected With an Islamic Mortgage Advisor
Before applying for an Islamic mortgage, you should search for someone with good experience in this type of finance and have full knowledge of the process for purchasing a property. Hence you need a good Islamic mortgage advisor who will help you take out an Islamic mortgage. This is where we can help you by providing you with the consultation you need to book from a team member here (0800 4332786). You can ask anything regarding our services and the procedure for the investment. You can contact us we will arrange for you a specialist in Islamic mortgages.
Investment mortgage FAQ
Q: Are Islamic investment mortgages with Uneek Homes more expensive than conventional mortgages?
The rate to take out Islamic mortgages depends on the lender from whom you have decided to take a mortgage and the company's policies. Usually, this type of finance demands high administration fees and larger deposits as compared to conventional mortgages. To find a suitable lender with reasonable costs and who offers you the best terms, you should contact an experienced Islamic mortgage broker.
Uneek Homes have various payment plans from 5 to 10 years term. You can select according to your affordability; thus, we provide opportunities for all buyers without judging them their credit status.
Q: Are Islamic mortgages only available to Muslims?
No, they are available to all. Your ethnicity doesn't matter, so you can also be a non- Muslim to apply for these. Uneek Homes extends these mortgages to all, irrespective of your religion, race, and credit status.
Q: Is an Islamic mortgage halal or haram?
Islamic mortgages are not considered to be haram in the UK. Haram means something illegal or forbidden by Islamic law. At the same time, halal means legal or allowed in Islamic law. A traditional mortgage can be illegal or haram, but Islamic mortgages are completely lawful or halal.
The Uneek Homes mortgage calculator
