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**prpaims** · 07-02-2012, 10:23 PM

Asslamu ‘Alaikum Jashim,

Brother, I am in the same situation as you were. Could you please let me know the outcome of your reseach. May Allah give you the best reward for this.

Salaam

Muhammad Khan

Dear Muhammad,

The ovewhelming advice from people was to stay away from the conventional mortgage, if at all possible. It is better to rent in the private rented sector (or social rent if you're eligible for council/housing association house) than to take out an interest based mortgage that you are tied into for 15/30 years.

I am lucky enough to be able to bid for council properties whilst I am renting and therefore I am praying that Allah grants me one of those without the need to go into a conventional mortgage to buy a property.

However, if your situation is that without purchasing a property you will be made homeless, then there is a Fatwa that due to your necissity you are able to purchase a home to live in with you and your family:

http://www.globalwebpost.com/farooqm...a_mortgage.htm

I hope this helps and may Allah help you in your situation - ameen!

Was Salam

07-02-2012, 10:23 PM	#8
prpaims Join Date Oct 2005 Posts 520 Senior Member	Asslamu ‘Alaikum Jashim, Brother, I am in the same situation as you were. Could you please let me know the outcome of your reseach. May Allah give you the best reward for this. Salaam Muhammad Khan Dear Muhammad, The ovewhelming advice from people was to stay away from the conventional mortgage, if at all possible. It is better to rent in the private rented sector (or social rent if you're eligible for council/housing association house) than to take out an interest based mortgage that you are tied into for 15/30 years. I am lucky enough to be able to bid for council properties whilst I am renting and therefore I am praying that Allah grants me one of those without the need to go into a conventional mortgage to buy a property. However, if your situation is that without purchasing a property you will be made homeless, then there is a Fatwa that due to your necissity you are able to purchase a home to live in with you and your family: http://www.globalwebpost.com/farooqm...a_mortgage.htm I hope this helps and may Allah help you in your situation - ameen! Was Salam
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