Gatehouse Bank has extended its product offering to increase support for homebuyers.
The sharia-compliant bank has launched several new products following the introduction of its first home purchase plan (HPP), which has a maximum finance-to-value (FTV) of 50%.
A broader range of two-year fixed term HPP products for UK homebuyers will be launching with higher FTV brackets of 65% and 80%.
Gatehouse expects the new products to increase the appeal of its offering to both homebuyers and those looking to refinance.
Charles Haresnape, CEO at Gatehouse Bank, said: “Gatehouse aims to offer competitive products together with human underwriting that will appeal to a variety of customers, whether or not they require sharia finance.
“We plan to continue developing our home finance range and inject some competition into a market that has been poor at offering consumers a real alternative.”
The bank has also expanded its HPP offering for UK expats and international residents.
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