14 MUST DO Islamic Mortgage Tips for a CHEAPER RATE | How to Prepare Your Application Properly

After our long deep dive into Islamic mortgages, this video is all about how to actually minimise the cost when applying for one. Let us know in the comments if you found this useful.
Our mortgage comparison tool: www.islamicfinanceguru.com/is...
SDLT rate bands: www.gov.uk/stamp-duty-land-ta...
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About us
We're Ibrahim & Mohsin - ex-city lawyers and authors of "Halal Investing for Beginners". We've been studying investments and the traditional Islamic sciences for 13+ years. Over the year we've been published by the Financial Times, the World Economic Forum, Foreign Policy etc.
Today we run a sharia-compliant wealth management platform that manages over $35m in assets. We make videos about investment, personal finance, careers, and entrepreneurship.
We do this to make downtrodden communities better-off. To take people of colour, Muslims, and minorities from being among the poorest in society to the richest.
For more about the team visit: www.islamicfinanceguru.com/ab...
To find out what we invest in, and invest alongside us visit: cur8.capital/
Remember, with investing, your capital is at risk. This is not financial advice. If in doubt, always talk to a financial advisor.
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TIMESTAMPS
00:00 - What is this video about?
00:42 - Tip 1: Get free money
01:37 - Tip 2: Our helpful tool
03:37 - Tip 3: Something to bear in mind for future
04:43 - Tip 4: Use these guys
06:43 - Tip 5: SDLT
07:23 - Tip 6: Shop around and negotiate
08:07 - Tip 7: Insurance
08:52 - Tip 8: Use tools
09:45 - Tip 9: The ideal houses to look for
10:35 - Tip 10: Ask good questions
11:58 - Tip 11: Be fast
12:33 - Tip 12: Another characteristic to look for in a house
13:01 - Tip 13: Location
13:50 - Tip 14: Refinance
14:17 - Concluding thoughts
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If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum forum.islamicfinanceguru.com/ - we and the muftis on the forum try to respond to every one!
#islamicmortgage #halalmoney #halal #shariacompliant #halalinvesting #halalinvestment #islamicfinance #islamiceconomics #islamicquestions #islamicquestionsanswers #islamicreminder #firsthomebuyer #ifg

[@afu4033]

Pls make a vid on how to set a trust , and put property in it

[@samiphysio617]

مَاشَآءَاللّهُ tabarak allaah just the video I was looking for May allaah subhana wa taala reward you for sharing this knowledge.😊

[@mylittlefinds9692]

This was very useful, thank you

[@awantamta]

Very useful Mashallah

[@uTaylor90]

Would appreciate this as an article version as well. Jazakallah

[@IbnIqbaal]

Very helpful, wish it came out a year earlier when I bought my house! 😂 JazakAllah Khayr, if I have a 5 year fixed with Gatehouse, how do I refinance once its over, I thought my only option is pay the full balance, not able to remortgage elsewhere?

[@Envermamuti29]

Selamun Alejkum brother. I would like to know if those islamic mortgages are available for EU more specifically Germany? I am following you for a long time to learn about Islamic finance but any information that can be applied in germany would be appreciated.

[@kashifraza628]

Salaam. For clarification is your position based on the premise that a mortgage on a second home (eg buy to let) is not permissable. Correct?

[@fixuplooksharp2281]

Salaams can you do a video on what the halaal finance options are for muslims who have bad credit or a black mark such as a CCJ (debt under £500 or over) which lenders would still be willing to give you a chance. How greater the deposit amount should be a few examples etc jazakallah

[@aahmed9510]

For Gatehouse Bank mortgage what Islamic broker firm would you recommend?

[@studentofknowledge6431]

Gatehouse pay there own soliton fees? Or has this changed?

[@inaayathoque1998]

Could you make a video about Pfida which is an ethical fin-tech on a mission to provide everyone with equal and fair opportunities to save, invest and ultimately own a home without interest and debt.

[@cryptoaayaan7313]

Is there a way to remortgage from conventional mortgage to islamic? Seems like purchasing is the only way

[@alib7489]

Please let me know if I'm wrong, but am I correct in saying Islamic Mortgages do not allow for overpayments? Why is this? Isn't it in the buyer's interest to pay off their mortgage as soon as possible if they can make additional overpayments on top of their monthly payments?

[@karonliggins6258]

Why none of these halal options for mortgages ,partnership etc available in the United States im only seeing available in the UK

[@siknder5977]

Could you kindly make a video on how you would advise Muslims in Scotland? There seems to be absolutely no option as the companies you recommend do not operate north of the border.

[@12345sahmed]

Where do I find home buyers insurance can’t see anything on the normal websites they just offer standard home insurance

[@sharjeelqazi1878]

I have Traded some coins like Kava Render XETA In spot Are They Halal ? If not Will My Capital Will also be haram or just profit would be haram ?

[@ruksanauddin989]

How is this okay in Islam if the payments change based on inflation and interest?

[@abdulkhan4189]

Looking for Islamic mortgage in Sydney, Australia

[@sheikhkhaled2767]

Are ISAs Halal? Can you control what assets they're invested in?

[@subwayking94]

Depends what ISA it is and what platform you use. If it's a stocks and shares ISA you can choose what stocks you want to buy shares in.

[@12345sahmed]

Are Islamic mortgages more expensive than shared ownership, specifically Pfida (Primary Finance)?

[@zaintv4228]

Salaam Alaykum. Jzk ALLAH, Anyone a good trustworthy islamic mortgage broker please?

[@HussainFahmy]

*_Please avoid mortgages at all cost._*

[@Respect-fs4fk]

Don't be fooled by interest under a different name, things like rent rates , its interest under a different name. Don't be fooled.

[@kantastik3000]

stamp duty advice is outdated here

[@mohammedafsar5874]

Some of these so-called Islamic Mortgages are a complete sham. Fixed Rental Rate and Variable Rental Rate are immediate red flags. Just replace the word with rental with interest...what's the difference?

[@RSADYNAMICS]

HARAM only a fool would buy a house in this market. Your buying the titanic

[@SohaibAshraf]

thats a big ship you're buying

[@RSADYNAMICS]

@@SohaibAshrafdid you not see what happened to the last people who went for a viewing

[@RSADYNAMICS]

Why you should not buy a house with a mortgage in 2023 1. Have houses prices really gone up if you adjust the house price for the real amount of inflation this is called the real house price 2 house prices went up as they were artificially stimulated 3 mortgage rates will continue to rise in an effort to curb inflation 4 many people are going to default on their mortgages when this happens many distressed homes will come on the market 5. If you go to layoffteacker you will see many blue collar employees have lost their jobs and many more will in the coming years so they will also lose their houses 6.many peoples jobs will be replaced with AI and there will be mass unemployment and again people will lose their homes 7 . If you get involved in RIBA no matter how you try to rebrand it as being halal you are waging a war against god and your grave will be filled with blood 8. Living costs will continue to rise ie food and heating and many people will default on their mortgages 9 I could say many other things but that’s enough for now 10 . Many mortgage products have been removed from the market ie HSBC’s removed their products a few weeks ago . A lack of mortgage products will force the value of houses down to a level people can buy houses at over time as many people will be unable to fund buying a house

[@heshamthearab]

So its haram to buy a house in this market? How about the market 5 years ago?

[@RSADYNAMICS]

@@heshamthearab brother in concerns me that you need me to elaborate !