Sharia Compliant Mortgages

[WPGltd]

Has anyone had any dealings with sharia compliant mortgages? 

 

I'm currently dealing with a bank called Gatehouse who offer competitive rates and no early redemption charges but the concept of a sharia compliant mortgage is new to me whereby you pay the bank 'rent' rather then interest for their share of the property. 

 

Thanks!  

[CarlaC]

I am currently dealing with Gatehouse Bank to obtain a BTL mortgage, and have also been offered this Sharia Mortgage. When we obtained approval for the mortgage, we discovered we need a specialist solicitor to deal with this conveyencing. Coincidentally, we're also residents in HK, so would love to know what the outcome of this deal was for you,

 

Thanks