Al Rayan Bank Panel Solicitors
If you are buying a property in the UK, lenders or mortgage providers require certain standards to be maintained by lawyers handling your property purchase/sale. Therefore, almost all banks in the UK hold a list, known as ‘Lenders Conveyancing Panel of Solicitors’ detailing entrusted solicitors that have successfully worked with the lender on previous transactions. The ‘Panel Solicitors List’ helps the banks borrowers choose the right conveyancing lawyers; by ensure that only lawyers who are able to maintain high standards for legal excellence and customer care make it on to their panel. Blakewater solicitors have been panel members for all the major UK Primary High Street lenders as well as the Sharia complaint and Home Purchase Plan ( HPP) lenders for over 15 years.
Blakewater Solicitors have also been accredited with the Law Society’s, independently annually assessed, Lexcel Legal Practice Quality Mark as well as achieving the Law Society Conveyancing Quality Standard kite mark, for over a decade.
Blakewater Solicitors have been approved by Al Rayan Bank and have with great success worked alongside the Bank’s and their solicitors in various transactions to ensure a smooth and efficient completion, including transactions involving Diminishing Musharakah Agreements as well as other alternative financial instruments.
Our experience and understanding of the Al Rayan Bank’s Sharia compliant Home Purchase Plans (HPP) and Buy to Let Purchase Plans (BTLPP) products means we have a history of successful transactions with Al Rayan Bank and their customers, regarding their Sharia compliant Home Purchase Plans (HPP) and Buy to Let Purchase Plans (BTLPP) solutions.
It is crucial that when you are choosing Shariah Compliant products such as Home Purchase Plans (HPP) and Buy to Let Purchase Plans (BTLPP) that you engage lawyers that have been approved and authorised, as part of the Al Rayan Bank’s lending panel and the lawyer dealing with your transaction has sufficient knowledge and expertise of Sharia compliant products; such as Diminishing
Musharakah and Commodity Murabaha agreements.
This will save you time and money while ensuring a smooth transaction in an already stressful moment, Blakewater solicitors can confidently state that our experienced team of lawyers will help ensure an efficient process that will successfully carry you through to completion.
Blakewater Solicitors can provide an instant quote to you. Simply click the “Get A Quote,” icon on the home screen and complete the form providing the buyers/sellers and the property details for a transparent, written quote including disbursements, meeting all the requirements of Al Rayan Bank without any hidden charges or commissions.
We will ensure that the quote is accurate, and in accordance with all the requirements of Al Rayan Bank for disbursements such as searches and insurance policies, without any hidden charges or commissions.
However, if you prefer you can simply email the details to email@example.com or call 01254 261515 and ask to speak with the Property Department.
If you are purchasing using a mortgage from Al Rayan Bank, you will find that the Banks Solicitors will not be able to represent you (as in conventional mortgages) and that you will require separate legal representation.
As a result of their imposing strict guidelines and requirements to partnering law firms; you can rest assured in the knowledge that Blakewater Solicitors have achieved the exacting standards to work with your lender. We can advise no matter what your situation or lending requirements. We have vast experience in dealing with the Sharia compliant Home Purchase Plans (HPP) and Buy to Let Purchase Plans (BTLPP) solutions offered by Al Rayan Bank, having completed many such
Blakewater Solicitors, provide a written, transparent, easy to understand quote, for their legal fees and disbursements and Stamp Duty Land Tax. There are no hidden charges nor unexpected fees or disbursements, so you can budget for your transaction.
If your chosen conveyancing solicitor is not on the Al Rayan Bank legal panel, you could be liable for extra charges.
The rules governing Islamic Finance are derived from the Sharia. The Sharia provides the framework for a set of rules and laws, governing economic, social, political, and cultural aspects of Islamic societies
The firm regularly deals with all the major Islamic Banks in the World and their products. Having an established rapport with their respective legal teams and being recognised as a leading Solicitor firm in the UK dealing with Sharia compliant property transactions.
We advise regularly on the products offered by the following banks:-