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Sharia Compliant Finance

At Beneco Financial Services, we can support you in obtaining islamic finance that is compliant with Sharia Law. These finance agreements are not the same as traditional mortgages because they do not involve paying interest. 

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Sharia Compliant finance involves the finance provider buying the property on your behalf and initially becomes the legal owner. You then make monthly repayments over the term of your finance to the finance provider. At the end of the finance term, you'll own the property outright. 

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We're proud to be within a limited number of companies who has the permission from The Financial Conduct Authority to arrange Sharia Compliant Finance either by HPP (Home Purchase Plans) or Buy to Let. 

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Headline Information:

  • Purchase or Re-finance

  • As low as 5% deposit needed

  • Bad credit can be considered

  • No early repayment charges

  • Expats acceptable

  • HMO Acceptable

  • BTL (Buy To Let) available 

  • Limited company BTLs

  • Commercial, Bridging and Asset finance can be considered. 

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Available finance providers have a sharia board and have been signed off under Islamic law. 

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complex situations

Sharia Compliant

At Beneco Financial Services we can support you in obtaining an Islamic mortgage that is compliant with Sharia Law. These mortgages are not the same as traditional mortgages because they don’t involve paying interest. We’re one of a limited number of companies who has the permission from The Financial Conduct Authority to arrange Sharia Compliant Mortgages

For Customers with bad credit

It’s often possible to obtain a mortgage with a bad credit history, although the options available to you may be limited or not with the lender of your choosing. At Beneco Financial Services we have the experience of what lenders are looking for and what they will consider.

Self Employed & Sole Traders

Accounts for 2 years is preferred, but, If you have less than 2 years it could still be possible to obtain a mortgage. Most mortgage lenders will average your income but there are some lenders who consider your latest year figures. Also, there are lenders who could consider using your retained profit, salary and dividends, if you’re a Ltd company director and take a low salary and dividends but have a high retained profit.

At Beneco Financial Services, we can navigate the complexity that complex mortgages, self-employed/sole trader status and adverse credit history can bring to mortgage applications.

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