What are Offa's Islamic mortgage rates?

We recorded 16 published products on 9 October 2026. The lowest published UK resident initial rate is 6.44%. Rates vary by deposit tier and fixed period, and fees are shown against every product above.

Is Offa a real Islamic bank, and is it regulated?

Offa publishes FRN 1000573 as its Financial Conduct Authority firm reference number. We record that as published and have not yet confirmed it against the FCA Register ourselves. Whether a product is Sharia-compliant is for the provider's own scholars and certification, which we describe rather than rule on.

What could you not verify about Offa?

2 questions about Offa remain open in our register, listed on this page with what we tried. We publish the gap rather than filling it with an estimate.

Compare providers · Provider review

Offa Islamic mortgage review

Offa offers Islamic home finance for properties in England and Wales, with published options from a 5% deposit for UK residents. The main things to check are the rate at your deposit, the fees, and the charges for repaying early. Below, we set out its published terms and the conditions and gaps to check.

We found and recorded 16 published products, the lowest published UK resident rate being 6.44% and the lowest fixed rate 6.59%, all checked against Offa's own product pages and published documents on 9 October 2026.1

How to read this page

A research review of what Offa publishes, not a customer-service review or a recommendation. We have no application data and do not rate providers.
Meeting a published tier or criterion is not approval. Income, credit history and the property are assessed in underwriting.
Where Offa's own documents disagree, are unclear or are incomplete, we show that rather than fill the gap.

Structure: Diminishing Musharakah + Ijarah
Regulated owner-occupied: Yes
FCA reference: FRN 1000573, as published
Finance range: £60,000 to £1.5m; new build max £1m
Term: 7 to 40 years
Available through: Direct and intermediary

HOW WE VERIFIED THIS

1 16 rate records and 9 criteria facts taken from the provider's published pages on 9 October 2026. Firm reference number as published by the provider. Direct verification against the FCA Register, including permissions and any restrictions, is still outstanding.

4 source documents · rate review interval 14 days

What we found in Offa's rate card

Each finding compares every product the provider publishes against every other, and is re-tested whenever the rate data changes.2

Crossing 80% changes the rate and the fee together

The two-year rate rises from 6.65% to 7.35% as soon as you need more than 80% finance-to-value, and the product fee moves from £499 to £999 at the same point. Both change together, so the step costs about £89 a month on £200,000 plus £500 more up front. This is the largest pricing step in the UK resident fixed-rate grid we hold.
The lowest advertised rate is not a fixed rate

The lowest rate Offa advertises, 6.44%, is a discounted variable product rather than a fixed one, and it is limited to 35% deposit or more. Its early settlement charge is nil, which is unusual and genuinely useful if you may repay early. The cheapest fixed rate is 6.59%, so the headline figure and the rate most buyers compare are not the same product.

HOW THESE ARE TESTED

2 Each finding carries its own test. The comparison runs against the current rate records every time the site is built, so a conclusion cannot outlive the data it came from. Read the methodology

Offa mortgage rates: every current Home Purchase Plan product

Fixed rates available to a UK resident run from 6.59% to 7.55%. Each cell shows the cheapest product at that tier with that same product's fees. These are initial rates; the follow-on rate is 7.25% once the fixed period ends. Price Offa's products in the calculator.

Offa published fixed initial rates for UK resident applicants by deposit tier and fixed period, with the fees on each product, checked 9 October 2026
Deposit	2 years fixed	5 years fixed
35%up to 65% finance-to-value	6.59% £499 + £149 product fee plus application fee	6.65% £499 + £149 product fee plus application fee
20%up to 80% finance-to-value	6.65% £499 + £149 product fee plus application fee	6.75% £499 + £149 product fee plus application fee
10%up to 90% finance-to-value	7.35% £999 + £149 product fee plus application fee	7.45% £999 + £149 product fee plus application fee
5%up to 95% finance-to-value	7.45% £999 + £149 product fee plus application fee	7.55% £999 + £149 product fee plus application fee

Discounted variable products

Offa discounted variable products by deposit tier, checked 9 October 2026
Deposit	Rate	Fees	Early settlement
35%up to 65% finance-to-value	6.44%discounted variable	£499 + £149product plus application	None
20%up to 80% finance-to-value	6.55%discounted variable	£499 + £149product plus application	None

Offa: lowest fixed rate at each deposit tier

The biggest step is from a 20% to a 10% deposit, where the lowest 2-year fixed rate rises 0.70 points. None of these lowest rates carries an eligibility condition. Offa, UK residents, checked 9 October 2026.

Figures behind this chart

Deposit	Period	Lowest	Product	Condition	Lowest without a condition
35% deposit	2-year fixed	6.59%	OffaFixed 2yr 65%	None	Same product
35% deposit	5-year fixed	6.65%	OffaFixed 5yr 65%	None	Same product
20% deposit	2-year fixed	6.65%	OffaFixed 2yr 80%	None	Same product
20% deposit	5-year fixed	6.75%	OffaFixed 5yr 80%	None	Same product
10% deposit	2-year fixed	7.35%	OffaFixed 2yr 90%	None	Same product
10% deposit	5-year fixed	7.45%	OffaFixed 5yr 90%	None	Same product
5% deposit	2-year fixed	7.45%	OffaFixed 2yr 95%	None	Same product
5% deposit	5-year fixed	7.55%	OffaFixed 5yr 95%	None	Same product

Compare Offa with the other UK providers

Rates read from the rate card effective 28 September 2026, still on the provider's live page when we checked on 9 October 2026. Its separate British Expat rates are held but kept out of this grid, because they are not available to the same person.

What deposit does Offa require?

The maximum finance-to-value is not a single number. Offa publishes 2 of them, and which one applies depends on who you are and how much you need.

5% deposit UK resident

20% deposit British expat

Minimum age 18 years. Published on the Home Purchase Plan overview page as "Minimum age 18".. Maximum age Not publicly verified. Minimum finance £60,000.

Who can apply for Offa's Home Purchase Plan?

Offa publishes a compact set of HPP entry criteria alongside its product range. Taken from its own pages on 9 October 2026.

Minimum age: 18 years. Published on the Home Purchase Plan overview page as "Minimum age 18".
Maximum age: Not publicly verified. The rate card states the term is subject to a maximum age but does not publish the age.
Minimum property value: £80,000. Published on the Home Purchase Plan overview page as "Minimum property value £80,000", alongside minimum finance £60,000 and a minimum 5% deposit.
Minimum finance: £60,000
Maximum finance: £1,000,000, new-build purchases
Property location: England and Wales only

None of the criteria listed here differs between Offa's consumer and intermediary channels.

What fees does Offa charge?

Offa publishes 2 different fee structures, and the cheapest rate does not always carry the cheapest fee. A flat fee costs proportionally more on a smaller amount of finance.

Offa fees and early settlement charges by product type, checked 9 October 2026
Product type	Product fee	Application fee	Early settlement
2 years fixedabove 80% finance-to-value	£999	£149	2%, 1%
2 years fixedup to 80% finance-to-value	£499	£149	2%, 1%
5 years fixedabove 80% finance-to-value	£999	£149	5%,4%,3%,2%,1%
5 years fixedup to 80% finance-to-value	£499	£149	5%,4%,3%,2%,1%
Discounted variableup to 80% finance-to-value	£499	£149	None

Early settlement charges, if you repay or leave during the product period: None; 2%, 1%; 5%,4%,3%,2%,1%. Work out the total cost including fees

What we could not verify

2 questions remain unresolved on Offa. We publish them rather than fill the gap with an estimate.

The 2 open questions, with what we found

Maximum applicant age Public rate card states term is subject to maximum age but the extracted sources did not provide the age. Re-checked 9 October 2026 against the rate card updated 28 September 2026: still no maximum age. Recorded as unresolved; not yet raised with the provider

Applicant count and income detail The rate card gives high-level limits but not the full public underwriting matrix. Recorded as unresolved; not yet raised with the provider

How we checked

Everything above comes from Offa's own published documents, read on 9 October 2026. We hold 16 rate records and 9 criteria facts for this provider, each carrying the source it came from.

The 4 source documents

Current HPP products Product/rate page · accessed 9 October 2026
HPP rate card, updated 28 September 2026 Official PDF rate card · accessed 9 October 2026
HPP tariff of charges Official PDF tariff · accessed 9 October 2026
HPP Shariah certificate, 5 February 2026 Official Sharia certificate · accessed 9 October 2026

Rate review interval is 14 days, criteria 60. Changes are recorded publicly. See the change log · Read the full methodology

Compare Offa against the other providers

Common questions about Offa

What are Offa's Islamic mortgage rates?: We recorded 16 published products on 9 October 2026. The lowest published UK resident initial rate is 6.44%. Rates vary by deposit tier and fixed period, and fees are shown against every product above.
What deposit does Offa require?: Offa does not publish a single figure. We hold 2 finance-to-value rules for it, each with its own conditions. The highest ceiling we hold is 95%, which means a deposit from 5%. The top tier applies to UK residents; lower ceilings apply in other cases, down to 80% finance-to-value. Every tier is set out above.
Is Offa a real Islamic bank, and is it regulated?: Offa publishes FRN 1000573 as its Financial Conduct Authority firm reference number. We record that as published and have not yet confirmed it against the FCA Register ourselves. Whether a product is Sharia-compliant is for the provider's own scholars and certification, which we describe rather than rule on.
What could you not verify about Offa?: 2 questions about Offa remain open in our register, listed on this page with what we tried. We publish the gap rather than filling it with an estimate.

Tell us what the published data could not answer

Everything above comes from what providers publish. Whether a provider will actually take you depends on affordability, credit history and the property itself, and on criteria nobody prints. Tell us what you are stuck on and we will come back to you.

Everything Offa publishes is above, including what we could not verify. Whether it would take you is decided in underwriting, which nobody publishes.