Gatehouse Bank has been added to Paradigm Mortgage Services’ provider panel.
Members of the mortgage distributor will be able to register with Gatehouse Bank — which offers home purchase plans, BTL and commercial property finance — and access products for their clients.
Gatehouse Bank also offers a sharia-compliant proposition which enables the customer to buy property jointly with the bank.
“[The sharia-compliant proposition] is undoubtedly an important niche sector of the market and — coupled with its BTL proposition, which covers areas like limited companies and products such as HMOs and multi-unit blocks — we feel it is an important addition for our members,” said John Coffield, head of Paradigm Mortgage Services (pictured above).
Roger Evans, director of home finance distribution at Gatehouse Bank, added: “Sharia-compliant finance is growing in the UK and we are seeing an increased demand from customers interested in our ethical approach, human underwriting and competitive products.
“Working closely with Paradigm will further allow us to offer a high-level service to brokers and their clients, whether that’s for BTL or our homeowner finance products.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
An interview with Ricky Knox: 'It's about time the mortgage sector caught up with the way people live'
Ricky Knox, CEO at Tandem (pictured above), talks about its Savetember campaign, upcoming mortgage product and educating young people about money in a discussion with Specialist Banking...
Aldermore names new key account manager
Aldermore has revealed that James Young (pictured above) will become a key account manager for its retail mortgage business at the end of November...
Unity Trust Bank opens new Manchester office after 47% lending growth
Unity Trust Bank has opened a second commercial office as part of its expansion plans...
Tide to launch first premium account
Tide has announced that it will launch its first premium account to all its members by the end of 2019...
Shawbrook launches portal to ‘dramatically’ reduce BTL product switch times
Shawbrook Bank has launched a new online system that aims to reduce the time taken for BTL customers to product switch...
Santander to stop writing new asset finance business by end of 2019
Santander has announced that it will stop writing any new asset finance business by the end of the year...
Shawbrook adds new relationship director to business finance division
Shawbrook Bank’s business finance division has named John Hunter (pictured above) as its new relationship director for its South East regional team...
National Australia Bank updates cloud strategy with Google Cloud addition
National Australia Bank (NAB) has added Google Cloud to its cloud technology strategy...
PMS Mortgage Club and Sesame Network appoint Reliance Bank to lender panels
PMS Mortgage Club and Sesame Network have added Reliance Bank’s range of mortgage products to their respective lender panels...
FCA aims to improve awareness of no-deal Brexit impact on businesses
The FCA has stepped up its efforts to ensure firms are aware of what they need to do to prepare in the event of a no-deal Brexit...
Alba selects Temenos as core banking platform
Temenos has been selected as the core banking platform for Alba...