Gatehouse Bank announces partnership with The Right DA Club
The Right DA Club have joined the panel for Gatehouse Bank, allowing hundreds of additional brokers nationwide to access the Bank’s Buy-to-Let and Home Purchase Plan products and criteria.
Gatehouse Bank is a Shariah-compliant ethical bank providing competitive Buy-to-Let and Home Purchase Plans (HPP), which are sometimes referred to as “Islamic mortgages”. Differing from conventional mortgages, these Shariah-compliant products involve a partnership where the customer and Bank purchase the property together, and the customer pays rent on the proportion of the home they don’t own yet.
The Bank’s home finance products are open to UK residents, expats, and international residents, with finance provided for up to 80% of the property value. Its Buy-to-Let purchase plans for landlords are available to individuals or UK corporate entities, and these include houses in multiple occupation and multi-unit freehold blocks.
Gatehouse Bank uses human underwriting to assess applications on a case-by-case basis, which allows for greater accessibility for customers with non-standard financial circumstances.
The Right DA Club is the directly authorised proposition of The Right Mortgage Ltd, offering leading commission rates and compliance support to directly authorised mortgage, protection and PMI advisory firms.
Lottie Clayton, Head of Intermediary Sales at Gatehouse Bank, commented:
“We are delighted to have partnered with The Right DA Club, which has enabled us to reach hundreds of its broker members and provide access to Gatehouse Bank’s competitive products. We are looking forward to our continued collaboration as we aim to both educate and raise further awareness of our Buy-to-Let and Home Purchase Plans.”
Martin Wilson, CEO of The Right DA Club, commented:
“We look forward to continuing our relationship with Gatehouse Bank and are excited to be able to provide our Directly Authorised firms with access to the Bank’s range of competitive Home Purchase and Buy-to-Let plans”.