The Right Mortgage & Protection Network (TRM) has announced that Gatehouse Bank has joined the panel.
From May 8, TRM advisors will have access to Poorthuisbank Sharia compliant home financing products including Home Purchase Plans (HPP) and buy-to-let products.
Gatehouse Bank’s HPPs are structured on a rental payment model rather than interest-based lending. The bank provides property financing to UK residents, British expats and international home buyers and landlords, both in the residential and buy-to-let markets.
Products are available with defined finance-to-value (FTV) limits and rental calculation criteria, with applications assessed in accordance with the Bank’s published financing criteria.
Victoria Clark, head of lending at TRM, said: “We are delighted to welcome Gatehouse Bank to our panel. Expanding the range of specialist finance options available to our advisers is a key priority, especially as customer needs continue to evolve.
“Gatehouse Bank brings a unique proposition to the market, combining ethical financing with a strong focus on flexibility and specialist support. This partnership will provide our member firms with even greater options in deploying Shariah-compliant businesses, helping them achieve positive outcomes for a wide range of clients.”