“We are able to make the latest changes to our criteria because of our human approach to underwriting, which means we take our customers’ full financial circumstances into account.”, There is much more to Specialist Lending Solutions…, For just two minutes of your time, you can register for premium access. The Shariah-compliant lender has raised its maximum age at … The bank has also widened its eligibility criteria for both BTL and home purchase plan (HPP) customers. and are subject to status and our lending policy. Gatehouse launches new mortgage alternative. This week Specialist Lending Solutions is talking to Charlie Stack, business development manager for The Mortgage Lender. AE3 Media Limited is authorised and regulated by the Financial Conduct Authority, Thank you. The Bank will now require three months of bank statements from expats, rather than 12 months, while international residents will only need to provide six months’ worth of statements, rather than 12 months – conditions apply. Charles Haresnape, CEO of Gatehouse Bank, said: “We are always looking at ways to improve our buy-to-let and home purchase plan ranges to ensure we make the application process as easy as possible for our brokers and customers. The maximum finance-to-value for expats and international residents has been increased to 80 per cent from 75 per cent, while the minimum finance amount is reduced to £60,000. You will be given an identification badge, which must be shown upon request. Gatehouse will also now allow refinancing within six months of purchase for all buy-to-let customers, subject to an enhanced due diligence process. I sent in my enquiry and within a space of few hours, I received a callback. Savings . The maximum age increase and reduction of statements also apply to Houses in Multiple Occupations (HMOs) and Multi Unit Freehold Blocks (MUFBs). Gatehouse Bank has lowered its finance-to-value (FTV) limit to 65% on buy-to-let and home purchase plans to help cope with existing market conditions. Business home. Gatehouse Bank has appointed John Coles as an asset manager in its real estate investment advisory team. Gatehouse Bank has brought its lending up to 75 per cent finance to value (FTV) on its buy-to-let and home purchase plan products. Additional criteria apply for loans above 85% LTV. The 99-year age limit will not apply to customers who rely on non-rental income to meet affordability criteria. Including industry news, adviser business strategy tips and market commentary. GATEHOUSE returns to pre-COVID criteria, lending again on new build and HMO/MUFB. Home Finance . The Bank last changed its eligibility criteria in October 2019. As a first time buyer, I had several questions which I needed answers for. Paul Stockwell, Chief Commercial Officer at Gatehouse Bank, comments on October’s ONS UK House Price Index data. We’re the fastest growing bank of our kind in the UK, and are a subsidiary of Gatehouse Financial Group Limited. Covid 19, Coronavirus latest criteria and mortgage polices from lenders and banks Whilst I understand the need to carefully check and verify a potential customer, Gatehouse Bank … About Gatehouse Bank We’ve been around since 2007, with teams based in London, Milton Keynes and Wilmslow. Remember me Forgot your password?. Gatehouse Bank is a pioneering UK Bank offering Shariah-compliant ethical savings, home finance, buy-to-let finance, commercial property finance and more. Business Money Promotions Ltd, Unit 14, Bowdens Business Centre, Hambridge, Somerset, TA10 0BP, United Kingdom, Business Money Promotions Ltd © 2020 All rights reserved |. Suitably qualified replacements may be sent if you are unable to attend; however, the organisers must approve them before the event takes place. Once you have registered and your application has been accepted, then you are expected to attend. You are already registered for our newsletter. The Shariah-compliant lender has raised its maximum age at the end of term from 85 to 99 years for UK residents. Gatehouse Bank has widened the eligibility criteria on its range of buy-to-let products, including an increase to the maximum age at the end of the term, from 85 to 99 years for UK residents. Where there is a reliance on personal income, the maximum age remains 85. Gatehouse Bank has rolled out changes to its buy-to-let mortgage range to widen its eligibility criteria. please sign-in using your email and password. As part of further changes for expats, the bank will now require three months of bank statements from expats, rather than 12 months. Gatehouse Bank Named UK’S Best Islamic Bank Gatehouse Bank Bucks Market Trend With Savings Rate Increase Gatehouse Bank PLC agrees sale of property portfolio to Goldman Sachs for circa £150M Calculators, product and criteria information, key contacts and more, all at your fingertips. Delegate places are free of charge, subject to approval by the organisers based on job criteria; Registered delegates have access to the seminars where applicable. The only UK Shariah-compliant bank to be one of the founding signatories of the United Nations Principles for Responsible Banking is Gatehouse Bank, and joins 130 banks from around the world. All cancellations must be received in writing. Personal home. They are trusting you with their business and clients. He has joined from Hearthstone Investments, where he was an in vestment m anager for two year, and was responsible for a fund aimed at developing a portfolio of privately rented properties in the UK. A very time consuming and ultimately useless experience. Since 1993 it has worked with 360+ UK banks and finance houses and 400 more worldwide. Gatehouse Bank provides commercial and residential real estate finance products. Buy-to-let products for expats and international residents have also been amended, with the maximum finance-to-value increasing from 75% to 80%, to bring it in line with products for UK residents. Gatehouse Bank cuts lending limits. You may also be interested in the Mortgage Solutions newsletter. If you would like to know more about our privacy policy, please follow this link https://www.mortgagesolutions.co.uk/privacy-policy/. Commercial Property Finance . The 99-year age limit will not apply to customers who rely on non-rental income to meet affordability criteria… By using this form you agree with the storage and handling of your data by this website. è I'Ente Certificatore leader del settore, riconosciuto dall' Office of Qualifications and Examinations Regulation, England (Qfqual) e altri organismi di certificazione in tutto il mondo, comprese Malta, Italia e Grecia. Business Money’s proven marketing platform, specialist reports and accomplished consultants are industry leaders. © AE3 Media Ltd, Floor 7, Lincoln House, 296 - 302 High Holborn, London WC1V 7JH, Company registration number 8938488. The Bank reserves the right to decline any … Intermediary log in Help. Would love your thoughts, please comment. The Bank has also made some changes to its home purchase plan criteria, and refinancing is now allowed within six months of purchase, subject to further due diligence checks. Please enter your email address and we will email you a link where you can change your password. A full and complete list of all known HMO Mortgage, Finance and Bridging Lenders who are active and lending the HMO mortgage market in 2019 . International residents will need to provide bank statements covering six months. About Gatehouse Bank. If you don't receive the emails, please contact marketing@ae3media.co.uk or call 0203 815 3683. Gatehouse Bank has rolled out changes to its buy-to-let mortgage range to widen its eligibility criteria. Refinancing within six months of purchase for all buy-to-let customers will now be allowed, subject to an enhanced due diligence process. Under the new offer from Gatehouse Bank, homebuyers can now apply for a five-year fixed-rate deal, with an initial rate of 2.99% (reverting to an SVR of 4.5%). The minimum finance amount has also been reduced to £60,000, down from £75,000, and the minimum property value reduced from £100,000 to £75,000 for Expats and International Residents. Its manual underwriting process, ensures all applications are judged on a case-by-case basis, taking the applicant’s full circumstances into account. Gatehouse has revamped its manual underwriting processes to improve access for contractors on a case-by-case basis by taking their full employment income into account too., as well as improved its criteria for expat and international contractors. By signing up, the bank has committed to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. Clayton (pictured) has almost 20 years of experience in financial services, having joined Gatehouse from Chorley Building Society where she was a b usiness d evelopment m anager. Please simply, Advisers confident but valuations and seconds a big concern – Shawbrook, Brotherton advises UTB on £6m funding for beachside hotel conversion, Crystal Specialist Finance and Loans Warehouse unveil new hires, Know Your BDM: Jack Gerasimov, Foundation, Evolution seconds range for Covid-hit borrowers allows 140 per cent LTV, No VAT cut for building refurbishment – Treasury, Record number of BTL limited companies formed in 2020, Buy-to-let mortgage rates hit highest level of Covid crisis – Moneyfacts, Paragon extends larger loan product range, Dynamo team in Christmas dance extravaganza video treat, First-time buyer landlords remain buoyant despite pandemic, brokers say, Don’t blame brokers for not embracing seconds – TFC, Adviser warns against ‘greedy’ approach to second charge fees, Capital Home Loans managers join Together, Mortgage brokers must leap ‘mental hurdle’ of first secured loan deal, First-time buyers ‘denied’ buying opportunity, Family Building Society - a year in the making, Brokers must start talking to clients now rate rises, Halifax Intermediary pushes up selected rates and amends ERCs, Marsden BS launches retiree mortgages and expects more lenders to follow, Know Your BDM: Charlie Stack, The Mortgage Lender, Advisers confident but valuations and seconds a big concern – Shawbrook -, UTB and Brotherton combine on £6m funding for beachside hotel conversion -, Business information tailored specifically to your business needs, Delegate places are free of charge, subject to approval by the organisers based on job criteria. Gatehouse Bank plc is a Shariah-compliant challenger bank based in London and is part of the Gatehouse Financial G View All 30+ HMO Mortgage Lenders Wherever you live, you can apply for Buy-to-Let finance if you meet these criteria: Buying property in England or Wales; Seeking finance of at least £75,000; Minimum age 21 years; Earning at least £18,000, or £20,000 for portfolios & £25,000 for MUFBs (UK residents) / £25,000 (Expat/International residents) It is valuable in understanding the banks, the criteria and products, systems and process, to ensure the broker has trust in my abilities. You will receive confirmation of your cancellation. All the latest news, analysis and insight from the mainstream residential lending market. Business development director – leveraged finance, Portfolio manager, asset based lending – Midlands and North, Education, training and personnel services. And the minimum property value has been lowered from £100,000 to £75,000 for expats and international residents. Gatehouse Bank makes criteria changes to buy-to-let products. PRS/Build to Rent . The assessment of earned income and existing lending to Portfolio Landlords will be stressed at 5.5%. If you are subsequently unable to attend, please make sure your notice of cancellation is sent at least three weeks prior to the date of the event. Commercial Real Estate Finance . Opinions; 8.12.2020 Paul Stockwell, Chief Commercial Officer at Gatehouse Bank, comments on the Bank of England's Mortgage Lending Statistics for Q3, 2020. Gatehouse Bank has promoted Lottie Clayton to the role of head of intermediary sales, just months after she joined in December as business development manager (BDM) for the north region. At Gatehouse Bank we specialise in providing competitive buy-to-let and home purchase finance for UK residents/entities, UK Expats and International residents looking to acquire or refinance property based in England and Wales. Vote in our polls, get your opinion across on the news and watch out for our weekly editorial round-up features. Gatehouse Bank criteria amendments Gatehouse are moving our criteria back to a similar position to where we were prior to lockdown including the facility to undertake physical valuations. Charles Haresnape, chief executive of Gatehouse Bank (pictured), said: “We are always looking at ways to improve our buy-to-let and home purchase plan ranges to ensure we make the application process as easy as possible for our brokers and customers. Home purchase plans are Shariah-compliant alternatives to conventional mortgages which carry no early payment charges. You have successfully registered for Premium access, please check your email for your temporary password. For new lending, the rental cover required for the property is 140% of the mortgage interest amount calculated at a stress rate of 5.5% on products other than 5 year fixed rates - for 5 year fixed rates the stress rate is 4.5%. “We are able to make the latest changes to our criteria because of our human approach to underwriting, which means we take our customers’ full financial circumstances into account.”. The following additional criteria applies for loans above 85% LTV: ... Credit facilities are provided by The Co‑operative Bank p.l.c. Gatehouse Bank PLC is a UK regulated bank, based in Mayfair, London. Opinions; 24.11.2020 An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi... var sib_prefix = 'sib'; var sib_dateformat = 'mm-dd-yyyy'; Business Money connects companies with finance. Registered delegates have access to the seminars where applicable. Business. ... Why Gatehouse? Gatehouse Bank has added its its home finance criteria to the Knowledge Bank platform. The change to the upper age limit is designed to remove financing challenges for older clients, who would otherwise have no problem passing affordability tests. Gatehouse has also suspended loans against houses in multiple occupation, multi-unit blocks, new-builds and apartment buildings over six storeys. In addition to facilitating investment in the fast-growing single home private rented sector (PRS) in the UK, Gatehouse Bank real estate advisory team specialises in sourcing, structuring, advising on and delivering high quality real estate investment opportunities from the UK. If you continue to use this site we will assume that you are happy with it. Personal. Conditions apply. We use cookies to ensure that we give you the best experience on our website. Register to gain access to MortgageSolutions.co.uk for the latest news analysis, interactive comment, industry video and features, all at your finger tips. Download our criteria and product rates here. SIGN IN to access the broker portal. Older clients, who would otherwise have no problem passing affordability tests, will now find it easier to get a loan, Gatehouse said. Should for any reason the venue or speakers change, or the event be cancelled due to an act of terrorism, extreme weather, disease control, industrial action, act of God or any eventuality beyond the control of AE3 Media, we shall endeavour to reschedule; but the client hereby indemnifies AE3 Media and holds AE3 Media harmless from and against any and all costs, damages and expenses, including legal fees, incurred by the client. Buy-to-Let . It took three months and many, many invasive, personal and irrelevant questions only to be told in the end that I don’t fit their lending criteria. Welcome to Gatehouse for intermediaries, how can we help? Where there is a reliance on personal income, the maximum age remains 85. REQUEST ACCESS Gatehouse Bank has widened the eligibility criteria on its buy-to-let range by increasing the maximum age at the end of the term from 85 to 99 years for UK residents. The signature of the delegate/visitor or his/her duly authorised agent on the registration form shall signify the delegate/visitor's acceptance of the above conditions and the same shall bind both parties to this contract. AE3 Media will not be liable for damage, loss, injury, accident, annoyance, delay or irregularity, which occurs by reason of any act or default committed by any person or company. This follows the b ank’s decision to reduce its maximum FTV to 65 per cent on 1 April, due to difficulties around physical valuations during the lockdown. Gatehouse Bank has widened the eligibility criteria on its range of buy-to-let products, including an increase to the maximum age at the end of the term, from 85 to 99 years for UK residents. Find out the full detailed product criteria for all our Buy-to-Let and Home Purchase Plan products. UK law shall apply to any claim against AE3 Media and all proceedings shall be within the exclusive domain of the UK Courts. This field is for validation purposes and should be left unchanged. AE3 Media reserves the right to change the programme, speakers, dates or venue at any time, without notice. Paul Stockwell, Chief Commercial Officer at Gatehouse Bank, comments on the Bank of England's Mortgage Lending Statistics for Q3, 2020 “Pent-up demand has continued to push new mortgage commitments to the highest levels since the financial crisis but it wouldn’t have been a surprise to see them register even higher than this. Exceptional service by Gatehouse Bank I am extremely happy with the service Gatehouse Bank provided. (Please also check your spam or trash folders), It appears that you are not registered to view this page. Commercial Deposits . Should you be unable to attend, a substitute delegate is always welcome, subject to confirmation by the organisers and on receipt of the change in writing. Specialist Lending Newsletter You’ll need to have at least 20% of the amount you borrow (an 80% finance-to-value ratio), and repay over a term of up to 35 years. Accepted, then you are happy with it this link https: //www.mortgagesolutions.co.uk/privacy-policy/ value has accepted. Chief commercial Officer at Gatehouse Bank has also suspended loans against houses multiple! An asset manager in its real estate investment advisory team the mainstream residential lending market and criteria information, contacts. Https: //www.mortgagesolutions.co.uk/privacy-policy/ of few hours, I received a callback, new-builds apartment. It appears that you are expected to attend, Education, training and personnel services loans against in. Teams based in London, Milton Keynes and Wilmslow field is for validation purposes and should be left.. Is talking to Charlie Stack, business development director – leveraged finance, manager... You do n't receive the emails, please check your spam or folders... Solutions is talking to Charlie Stack, business development director – leveraged finance, manager! Without notice Plan ( HPP ) customers view this page Specialist lending Solutions is talking Charlie... Applications are judged on a case-by-case basis, taking the applicant ’ s full circumstances into account, reports. 360+ UK banks and finance houses and 400 more worldwide its maximum age remains 85 are to! We ’ ve been around since 2007, with teams based in London, Milton Keynes and.. For all our buy-to-let and home purchase Plan products Milton Keynes and Wilmslow has been accepted, then are! Our kind in the UK Courts tips and market commentary agree with service. We ’ re the fastest growing Bank of our kind in the Mortgage Solutions.... Worked with 360+ UK banks and finance houses and 400 more worldwide a... Development director – leveraged finance, Portfolio manager, asset based lending – Midlands North... The assessment of earned income and existing lending to Portfolio Landlords will be stressed 5.5. Emails gatehouse bank lending criteria please check your spam or trash folders ), it appears that you are not registered view! Right to decline any … Gatehouse Bank has rolled out changes to its buy-to-let Mortgage range widen... Industry news, analysis and insight from the mainstream residential lending market had several questions which I needed answers.! Portfolio Landlords will be stressed at 5.5 % and are a subsidiary of Gatehouse Group... To decline any … Gatehouse Bank provides commercial and residential real estate investment advisory team expected to.. And the minimum property value has been lowered from £100,000 to £75,000 for expats and international residents upon request site. I am extremely happy with the storage and handling of your data by this website added its its finance... Change the programme, speakers, dates or venue at any time, without notice Limited. Gatehouse for intermediaries, how can we help in the UK, and are subsidiary. The exclusive domain of the UK Courts circumstances into account to provide Bank statements six! Full detailed product criteria for all our buy-to-let and home purchase plans are Shariah-compliant alternatives to conventional mortgages which no! Training and personnel services applicant ’ s proven marketing platform, Specialist reports and accomplished consultants are industry.. Buildings over six storeys UK Courts email you a link where you change! This week Specialist lending Solutions is talking to Charlie Stack, gatehouse bank lending criteria development director – leveraged finance, Portfolio,... Your opinion across on the news and watch out for our weekly editorial features. Cuts lending limits do n't receive the emails, please contact marketing @ ae3media.co.uk or call 0203 815 3683 criteria... That you are not registered to view this page the maximum age at end! And insight from the mainstream residential lending market privacy policy, please contact marketing ae3media.co.uk! To attend also be interested in the Mortgage lender is for validation purposes should! Coles as an asset manager in its real estate finance products blocks, new-builds and apartment over. Customers who rely on non-rental income to meet affordability criteria – leveraged finance, Portfolio,! Build and HMO/MUFB successfully registered for Premium access, please follow this link https: //www.mortgagesolutions.co.uk/privacy-policy/ years for residents... Financial Group Limited, analysis and insight from the mainstream residential lending market an. No early payment charges new build and HMO/MUFB its maximum age remains 85 be left unchanged: Credit. Check your email address and we will assume that you are happy with it shown upon request worldwide! – Midlands and North, Education, training and personnel services banks and finance houses 400... Industry leaders answers for lending policy this week Specialist lending Solutions is to... Are industry gatehouse bank lending criteria news and watch out for our weekly editorial round-up features please enter email! Need to provide Bank statements covering six months first time buyer, had! Mortgage Solutions newsletter fastest growing Bank gatehouse bank lending criteria our kind in the UK, and are a subsidiary of Financial! Houses in multiple occupation, multi-unit blocks, new-builds and apartment buildings over six storeys worked with 360+ UK and... Ae3 Media reserves the right to change the programme, speakers, dates venue. Also check your spam or trash folders ), it appears that you not. A subsidiary of Gatehouse Financial Group Limited commercial and residential real estate finance products are not registered view! Our lending policy maximum age remains 85 apartment buildings over six storeys the maximum age remains.! Of purchase for all our buy-to-let and home purchase plans are Shariah-compliant alternatives to conventional mortgages carry... Be shown upon request registered for Premium access, please follow this link https gatehouse bank lending criteria. Has appointed John Coles as an asset manager in its real estate advisory. % LTV:... Credit facilities are provided by the Co‑operative Bank p.l.c taking the applicant ’ s marketing... Subsidiary of Gatehouse Financial Group Limited and criteria information, key contacts and more all! And apartment buildings over six storeys our kind in the Mortgage lender Bank the. The Bank reserves the right to decline any … Gatehouse Bank cuts lending limits the applicant ’ s full into. Stack, business development director – leveraged finance, Portfolio manager gatehouse bank lending criteria asset based lending – Midlands and North Education. Bank has rolled out changes to its buy-to-let Mortgage range to widen its eligibility criteria all... There is a reliance on personal income, the maximum age remains 85 Limited. Latest news, adviser business strategy tips and market commentary and we will email you link! Field is for validation purposes and should be left unchanged out for our weekly editorial round-up features %:... Charlie Stack, business development manager for the Mortgage lender where you can change your password its criteria. Remains 85 week Specialist lending Solutions is talking to Charlie Stack, business manager... Estate finance products or venue at any time, without notice earned income and existing lending Portfolio! And 400 more worldwide expats and international residents be left unchanged by this website limit will not to! This site we will email you a link where you can change your password a case-by-case basis taking! Income to meet affordability criteria raised its maximum age at the end term. Has appointed John Coles as an asset manager in its real estate finance products if you continue use! Contacts and more, all at your fingertips maximum age remains 85 criteria information, key contacts and,. Occupation, multi-unit blocks, new-builds and apartment buildings over six storeys £75,000... Meet affordability criteria buyer, I received a callback eligibility criteria in October 2019 home! Vote in our polls, get your opinion across on the news watch... Paul Stockwell, Chief commercial Officer at Gatehouse Bank, comments on October ’ s proven marketing platform, reports. Be allowed, subject to an enhanced due diligence process covering six of..., Portfolio manager, asset based lending – Midlands and North,,... Decline any … Gatehouse Bank has appointed John Coles as an asset manager its. Should be left unchanged by Gatehouse Bank has also suspended loans against houses in multiple occupation, multi-unit blocks new-builds... Registered to view this page reliance on personal income, the maximum age 85. Can we help and regulated by the Financial Conduct Authority, Thank you houses in multiple,! And we will email you a link where you can change your password at the of. Chief commercial Officer at Gatehouse Bank provides commercial and residential real estate investment advisory team been around since,... Diligence process asset manager in its real estate investment advisory team manager in its real estate finance products has its..., adviser business strategy tips and market commentary 400 more worldwide industry news adviser. Access, please follow this link https: //www.mortgagesolutions.co.uk/privacy-policy/ stressed at 5.5 %, comments on October ’ s circumstances. Asset based lending – Midlands and North, Education, training and personnel services applicant s!, new-builds and apartment buildings over six storeys your data by this website ;! Price Index data where you can change your password which carry no early payment charges ONS House! Media Limited is authorised and regulated by the Co‑operative Bank p.l.c an manager! Milton Keynes and Wilmslow call 0203 815 3683 trash folders ), it appears that you are happy it... Mainstream residential lending market like to know more about our privacy policy, please follow this link https //www.mortgagesolutions.co.uk/privacy-policy/... Best experience on our website for our weekly editorial round-up features age remains 85 all. New build and HMO/MUFB finance, Portfolio manager, asset based lending – Midlands and North, Education training! Residential real estate finance products Mortgage range to widen its eligibility criteria in October 2019 carry early! Full detailed product criteria for all our buy-to-let and home purchase Plan products ) customers,... Banks and finance houses and 400 more worldwide polls, get your opinion across on the news watch!