London, GB 14 °C

Friday, June 05, 2020

News > Products

Gatehouse broadens home finance offering

Sam Monk | 15:49 Wednesday 6th March 2019

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.

leave a comment

Your email address will not be published.