Buying a house on installment through a company that purchases it after the client selects it

Question:
Honorable Shaykh, the questioner says: I intend to buy a house on installment through one of the companies, and my question is about their method: is it lawful or not? It is as follows: I select the plot of land I want in any location, then a committee from their side goes out to determine the cash price, then they buy it and write it in their name, then they sell it to me on installment, and I have the right to back out.

Answer:
This is not valid, because they do not own the plot of land. You do not buy anything except from the one who owns it. As for if they have nothing, and you are the one who goes around searching, this is an action that is not permissible. It is a ruse, a ruse to sell what one does not own, and a ruse to reach riba (usury or interest). They want to lend you the amount of the value with an increase, but they made this process a ruse and a cover for it being a lawful transaction, whereas it is an unlawful transaction. If they do not have goods, if they have merchandise that they prepare for sale, then do not go to them. Yes.