The mortgage origination software provider has reconfigured its systems to comply with Sharia requirements and assist in the purchase of buy-to-let property.

The new system will allow Gatehouse Bank to make its business more efficient and handle the needs of its customers.

Charles Haresnape, chief executive officer of Gatehouse Bank, said: “It was vital that any finance origination software house we used fully understood our Sharia requirements and BEP Systems delivered excellent solutions across home purchase plans and buy-to-let financing.

“This will allow us to build the business and have streamlined processes to provide financing to our customers efficiently.”

Chris Little, managing director of BEP Systems (pictured above), added: “I'm delighted to be working with the new specialist clients who will be using Apprivo2 to give them a competitive edge in the dynamic market they operate in.

“Gatehouse Bank has seen the advantages of using Apprivo2 and strategic advantages will be delivered to fit its business model.

“The Apprivo2 system also provides them with the ability to configure certain parts of the process themselves, for example when new application forms are needed and to handle new product launches which require a different set of data to be captured.

“It's a very exciting time in financial software and we believe Apprivo2 is the fastest-growing system in the UK serving specialist finance providers.”

Gatehouse Bank recently announced the appointment of Dr Usman Chaudry as its chief risk officer.