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Buy To Let Mortgage UK
Dear Mr Ghamidi,
I acknowledge that in your previous discussions you have clarified that there is no issue taking out a mortgage to buy a house because it is not interest as we understand it. Interest/sood is only applicable on money and not useable items. Are we also ok to take out many buy to let mortgages for the purpose os business and investments? I just wanted you to clarify so my mum has peace of mind.
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1 Reply
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Buy To Let Mortgage UK
updated 3 years, 9 months ago
2 Members
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1
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I’m not sure about the terms of the contract in UK, however, in principle, the question of riba only comes into picture in loan transactions. Mortgage is not considered a loan.
For a detailed discussion by Ghamidi sahab on the topic, please see:
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