|
Business Finance Help If You Are Seeking a Business Finance Quote To Best meet Your Needs
We Can Help find your Business Finance, At Very Competitive Interest Rates
The Main priority for our Business staff members is to provide you with a first class service for all your Business Finance needs, Depending on your circumstance we could help you find a Business Mortgage or Loan at a very competitive interest rate, we do all the leg work, so you can relax. Click Here to request a call back and one of our Business staff members will contact youy.
All You Have To Do is simply fill out our Quick Enquiry Form For A Business Finance Quote.
FREE Copy Of Our Finance Guide - Click Here
Our Sharia Business Property Finance Customers?
Islamic Business Mortgages are made specifically for those of you who practice the rules of Islam in the UK. Under Islamic law, a Muslim should not earn or pay riba (interest). To cater for this, the Islamic Scholars and the Banking world has got together to create products are in line with Islam. In 2003 the rules for the Islamic Mortgages were changed, until that year the Islamic Mortgages were not popular due to the fact that was a double payment of stamp duty involved and this made them tax inefficient. However; this rule has since been removed and now stamp duty is only paid once. Since then the market for the Islamic Business Mortgage has grown at a steady pace. There are only a limited number of Mortgage lenders in the UK market who are currently offering the Islamic Business Mortgage schemes. Currently in the UK all Islamic Business Mortgages are given either under the Muskaraka method or the Ijara method. The Musharaka method involves an agreement with the lender to buy the business asset according to a certain ownership percentage. And a fee is charged for the overview of the business, i.e. sleeping partner. The other option is the Ijara agreement this is a 'lease to own' contract, what happens here is that you find the asset that you wish to buy, you will then contact your lender and advise them of the price of the property, they then act on your behalf by purchasing the asset under an agreement called “Promise to Purchase”. The asset will belong to the lender, and you will be given the right to use it, you will pay a lease charge for the use of the asset, until you have paid the agreed amount in total, after that the asset is transferred to you. The business loan being structured in this way means that there are no interest payments on the asset and Islamic Law is not broken by you or the lender. Deposits for the business Islamic Mortgage varies from 25% to 40% of the borrowing amount depending on the lender you choose. The minimum requirements needed are 3 years accounts and the amount be borrowed is based on your affordability, backed with a comprehensive business plan.
Back to Top
Sharia Business Property Customers FAQ's
Back to Top
Business Finance Help - Business Products
Business Secured Loans| Business Sharia Loans| Business Unsecured Loans| Business Bridging Finance| Business Buy To Let Finance| Business HP Finance| Business Lease Finance| Business Invoice Discounting| Business Building Insurance| Business Insurance| Business Grants Applications| Small Firms Loan Guarantee Scheme| Business Angels | Business Property Mortgages| Finding A Business Partner| Business Legal Services | Business Lease Agreements| Partnership Preperation Agreement | Business Terms And Conditions Preperation| Register Your Business Trademark| Collecting Business Debts| Company Formation| Company Secretarial Work| Year End Accounts Preperation| Management Account Preperation | Bridging Finance| Corporate Tax Calcualtions | Business VAT Return Service| PAYE Service| Business Book Keeping| Business Plans| Marketing Plan| Business Website Design|
Back to Top
|
"Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage "
No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products. If you are interested in any of the information on the site, you should seek information from us. We cannot guarantee that information will be accurate, complete and current at all times. All information on our Website is subject to change without notice.
