Gatehouse Bank has signed a five-year contract with Sutherland Mortgage Services whereby the latter will handle the bank’s buy-to-let finances on completion.
The third-party service – which has around $250bn in mortgage assets under management worldwide – will take a digital-focused approach with its mortgage servicing.
The sharia-compliant bank said that it had chosen Sutherland because of the latter’s vast worldwide experience and servicing methodology, its customer-led approach and its detailed knowledge of the sharia-compliant mortgage market.
Charles Haresnape, CEO at Gatehouse Bank (pictured above), added that it had selected Sutherland because it had the expertise and everything in place to deliver and, just like Gatehouse, was on a growth journey in the UK.
“We may be the first UK client, but Sutherland’s global experience and capability speaks for itself.
“I was very impressed with Sutherland’s dedication to getting under the skin of Gatehouse; as an example, Sutherland staff are undertaking the same training as our staff to really understand our values.”
Sarah Green, director of business development at Sutherland Mortgage Services, added: “We are thrilled that Gatehouse is our first UK mortgage client; [it has] an exciting prospect for growth in the UK to service the Islamic market and really make a difference in this area.
“I believe working with Sutherland gives Gatehouse a step up with better customer experiences, quicker processing time and access to the latest technology and Sutherland’s global expertise.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Coutts partners with Mortgage Brain to offer products to intermediaries
Private bank Coutts has partnered with Mortgage Brain to make its products available – via the latter’s platforms – to UK intermediaries...
Charter Savings Bank launches two new accounts
Charter Savings Bank has introduced two new accounts: a 95-day notice account and a three-year fixed rate cash Isa...
FP Show reveals its largest and most diverse conference programme
The Finance Professional Show has confirmed its largest conference programme to date, hosting a selection of varied sessions throughout the event next month...
47% of SMEs prepared to move away from traditional banks
Almost half of SMEs in the UK (47%) would move to a challenger/digital bank or non-banking brand if they decided to switch, according to the latest research by Unisys Corporation...
Monese launches business account
Monese has launched a business account in the UK which will be bundled with its personal banking account...
Metro Bank provides £14m facility to support London office acquisition
Metro Bank has provided Kingsway Properties London with a £14m investment facility to support the acquisition of a five-storey office building in central London...
Tandem introduces new credit card blocking feature
Tandem has created a new card-blocking feature for its banking app which allows customers to react instantly to a misplaced card...
Trinity College Dublin secures €100m EIB facility
The European Investment Bank (EIB) has provided a €100m long-term loan to Trinity College Dublin for four capital developments across the campus...
Arbuthnot Banking Group completes testing phase of direct deposits business
Arbuthnot Banking Group has announced that the internal pilot offering of its direct deposits business will commence soon...
Anna to launch business current account for creative UK SMEs
Hybrid digital assistant Anna has announced plans to launch a UK business current account aimed exclusively at supporting SMEs in the creative industries...
Masthaven reaches £500m in assets
Masthaven has announced that it has generated £500m in assets driven by the growth in its diversified lending across short-term and long-term property finance...