Your Details
£
Enter the full purchase price of the property.
£
Minimum deposit is typically 10–20% for Islamic HPPs.
%
Current Gatehouse Bank 2yr fixed (75% LTV): ~5.19%. Check live rates.
5 yrs
25 years
35 yrs
%
Calculation Results
HPP Monthly Payment
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Total cost: —
Conventional Monthly
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Total cost: —
Comparison
HPP Breakdown
| Property value | — |
| Your deposit | — |
| Finance amount | — |
| LTV ratio | — |
| Rental rate | — |
| Term | — |
| Total amount payable | — |
| Total rental cost | — |
How an HPP Works
An Islamic Home Purchase Plan uses Diminishing Musharaka (diminishing partnership) combined with Ijara (leasing).
- You and the bank jointly purchase the property. You own your deposit share; the bank owns the rest.
- You pay monthly rent to the bank for using its share of the property.
- Each month, you also buy a small additional share from the bank.
- Over time, your ownership increases until you own 100% of the property.
- No interest is charged — the bank earns a rental return, not interest.
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Enter your details and click Calculate to see your estimated monthly payments.
Current HPP Rates from UK Lenders
Use these rates in the calculator above. Always verify directly with the lender.
| Lender | Product | Rate | LTV | Details |
|---|---|---|---|---|
| Gatehouse Bank | 2 Year Fixed HPP | 4.99% | 60% LTV | Details ↗ |
| Gatehouse Bank | 5 Year Fixed HPP | 4.79% | 60% LTV | Details ↗ |
| Gatehouse Bank | 2 Year Fixed HPP | 5.19% | 75% LTV | Details ↗ |
| StrideUp | Home Purchase Plan | 5.49% | Variable | Details ↗ |
| Al Rayan Bank | Home Purchase Plan | Paused (2025) | — | Check ↗ |
Rates are indicative and subject to change. Speak to a qualified Islamic finance broker for personalised advice.