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A second house is not the same worship.
Gatehouse’s buy-to-let HPPs and Offa’s BTL experiments are ijarah plus partnership on someone else’s home. The tenant is not a party to your fiqh. The rent you take still has to be rent.
The Mizan desk · 7 September 2026 · 9 min
A family HPP is you living in the asset. A BTL HPP is you and a bank owning an asset someone else occupies. The tenant’s contract must be a lease, not a disguised loan you are making. Your contract with the bank must still be co-ownership plus rent on their share plus unit purchases.
Trade press in June 2026 had Gatehouse repricing selected HPP and BTL products, cutting rental rates, and running limited editions. That is a market. It is not a fatwa that leveraged residential speculation is a sunnah.
What changes in the fiqh
You are closer to a musharakah in a business: profit is rent from a third party, loss is voids and repairs. If the bank guarantees your return, they have given you a coupon. If they share voids, they are a partner. Zakat on a BTL is not the same as zakat on your residence — the residence is generally exempt as personal use; an investment house is not.