Gatehouse Bank Extends Home Finance Offering

Gatehouse Bank is today broadening the appeal of its home finance range with the launch of several new products. 

The new products follow the introduction of the Bank’s first Home Purchase Plan (HPP) product — a Shariah-compliant alternative to a traditional mortgage — which was launched in December with a maximum Finance-to-Value (FTV) of 50%. Following the successful pilot, Gatehouse is launching a broader range of two year fixed term HPP products for UK home buyers with higher FTV brackets of 65% and 80% and available to all broker partners and directly from Gatehouse. 

The Bank expects the new products to significantly increase the appeal of its offering to both home buyers and those looking to refinance.

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Author: The Muslim Wealth Portal

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