The ethical home purchase plan

With Primary Finance the cost of buying your home is similar to a conventional mortgage, but without the burden of debt.
Mass Appeal – You own the property from day one
Debt-free – We will never force you to purchase our share
Flexible & Affordable – Purchase our share whenever you like, and get rewarded!
Secure – If you can’t afford your rent you can pay us in equity instead
Launching 2019.

Can I apply?

We are not quite ready to trade yet - we're working hard to make our products ready for you.
Please support our mission to eliminate riba (interest or usury) by lending us some qard hasanah (Islamic loan) to support our launch and get started.
For the first 2 to 3 years during our launch phase, our services will be available exclusively to those who have helped support our launch with some Qard Hasanah.
£ 500 K
Minimum we need to get started
£ 1 M
How much we need to attract institutional funding
£ 5 M
Total we need to raise for a full scale launch

Awards and Press

We are extremely pleased to have recently won a World Islamic Fintech award for the most promising Islamic fintech start-up of 2018.
Our proposition was nominated amongst many other entries from across the globe and it is therefore a major achievement to have won. We have created a short video to say thank you!

Media Attention

"how do I sign up for this!"
"we would love to see them succeed"
"probably the most ideal product that could come out"

Testimonials

See what the industry experts think

Got questions?

What is the difference between this and an Islamic mortgage?
The key difference is that the Primary Finance Home Purchase Plan is free from the burden of debt as we do not force you to buy our share from us, although you are free to buy it from us if you wish.
Who owns the property?
You are the legal owner of the property from the start of the contract. We simply take a legal charge over it to protect our interest in the property. For pricing purposes we treat the property as though we are joint owners and calculate our share of the property based on the amount of money we have contributed.
How often is rent reviewed?
We conduct annual rental reviews. If local property prices in your vicinity have increased your rent will increase; if they have decreased your rent will decrease. The maximum increase or decrease is capped according to the terms in your offer letter. When calculating your affordability and providing you with an illustration we will make the assumption that rent increases by the maximum amount each year. In this way you can be confident that, as long as you stick to the recommended monthly payment, you will never pay more than the illustration although you may pay less.
What is the monthly recommended level of equity purchase?
This is the amount of equity you would have to purchase each month to completely purchase our share by the agreed term. For example if we arrange £120k of finance for you over 10 years then it would be £1k per month.
How is rent calculated?
The rent we charge is based on how much it would cost to rent your property on an active local market, scaled down for our share of the property. We will usually give you a large rental discount in any month where you purchase the recommended level of equity.
What are the eligibility criteria?
To be eligible for finance you must pass our affordability assessment and not have any history of arrears or CCJs. You must also have a good credit score rating and be resident in the UK.

Please help us by taking our 2 minute survey

We’re working hard to bring you the best home finance product on the market. But we need your input to make sure we haven’t missed anything that’s important to you.
Please take our short survey and tell us what you want from our product.