The Right Mortgage & Protection Network (TRM) has added Gatehouse Bank to its panel, meaning that as of today, TRM advisers will have access to Gatehouse Bank’s Shariah-compliant home finance products.
These include residential Home Purchase Plans (HPP) and buy-to-let products. Gatehouse Bank’s HPPs are structured using a rental payment model rather than interest-based lending. The Bank provides property finance for UK residents, UK expats and international homebuyers and landlords, across both residential and buy-to-let markets.
Products are available with defined finance-to-value (FTV) limits and rental calculation criteria, with applications assessed in line with the Bank’s published financing criteria.
Gatehouse Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by both the PRA and the Financial Conduct Authority.
This news comes after the network made several new additions to its lender panel earlier this year.
Victoria Clark, head of lending at The Right Mortgage & Protection Network, commented: "We are very pleased to welcome Gatehouse Bank to our panel. Expanding the range of specialist finance options available to our advisers is a key priority, particularly as client needs continue to evolve.
"Gatehouse Bank brings a unique proposition to the market, combining ethical finance with a strong focus on flexibility and specialist support. This partnership will provide our member firms with even more options when seeking to place Shariah-compliant business, helping them to deliver positive outcomes for a diverse range of clients."
Lottie Dougill, head of home finance distributions at Gatehouse Bank, commented: "We are delighted to have partnered with The Right Mortgage & Protection Network, which is a well-established player in the intermediary market. We look forward to working closely with TRM’s advisers to broaden the range of alternative finance options available for brokers and their clients."
