IBB launches new home finance deals
The Islamic Bank of Britain has launched a pair of new home finance deals. The IBB will now offer a 2-year fixed rental rate Home Purchase Plan at 3.79% and a discounted variable rental rate HPP at 3.59%. Both plans are available to consumers with a deposit of 35%. According to Imran Pasha, head of sales and service at IBB, this is the first time IBB has offered home finance to consumers with a 35% deposit. The launch will benefit home buyers with a larger deposit, existing homeowners looking at re-financing deals or those seeking to release some equity from their property.