UK: British expats in Malaysia and Hong Kong are now eligible for Offa’s Shariah compliant buy-to-let (BTL) financing – with lowered applicable rates. Offa announced that the Shariah BTL rates for all its customers dropped up to 0.21%, for two-year offerings and up to 0.24% for five-year products. Homes in multiple occupancy and multi-unit freehold block product fees have also dropped from 1.5% to 1%. These changes come on the back of the recent minimum age dropping to 18 years with an income threshold of GBP18,000 (US$24,337) per annum.
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