Vote in our polls, get your opinion across on the news and watch out for our weekly editorial round-up features. AE3 Media Limited is authorised and regulated by the Financial Conduct Authority, Thank you. Older clients, who would otherwise have no problem passing affordability tests, will now find it easier to get a loan, Gatehouse said. 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. REQUEST ACCESS 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. 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. 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. AE3 Media reserves the right to change the programme, speakers, dates or venue at any time, without notice. Home Finance . Paul Stockwell, Chief Commercial Officer at Gatehouse Bank, comments on October’s ONS UK House Price Index data. 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. Intermediary log in Help. If you would like to know more about our privacy policy, please follow this link https://www.mortgagesolutions.co.uk/privacy-policy/. You may also be interested in the Mortgage Solutions newsletter. Gatehouse will also now allow refinancing within six months of purchase for all buy-to-let customers, subject to an enhanced due diligence process. Commercial Property Finance . The bank has also widened its eligibility criteria for both BTL and home purchase plan (HPP) customers. 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 Bank last changed its eligibility criteria in October 2019. 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%). 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. 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) By using this form you agree with the storage and handling of your data by this 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. Calculators, product and criteria information, key contacts and more, all at your fingertips. Gatehouse Bank has added its its home finance criteria to the Knowledge Bank platform. The Bank reserves the right to decline any … 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. If you continue to use this site we will assume that you are happy with it. Personal. Home purchase plans are Shariah-compliant alternatives to conventional mortgages which carry no early payment charges. You are already registered for our newsletter. Savings . 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 99-year age limit will not apply to customers who rely on non-rental income to meet affordability criteria… SIGN IN to access the broker portal. International residents will need to provide bank statements covering six months. Gatehouse Bank makes criteria changes to buy-to-let products. Gatehouse Bank PLC is a UK regulated bank, based in Mayfair, London. 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 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. “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.”. Commercial Deposits . Where there is a reliance on personal income, the maximum age remains 85. We use cookies to ensure that we give you the best experience on our website. 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. Gatehouse Bank has rolled out changes to its buy-to-let mortgage range to widen its eligibility criteria. 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. 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. Gatehouse Bank cuts lending limits. 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. 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. © AE3 Media Ltd, Floor 7, Lincoln House, 296 - 302 High Holborn, London WC1V 7JH, Company registration number 8938488. 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. The assessment of earned income and existing lending to Portfolio Landlords will be stressed at 5.5%. About Gatehouse Bank We’ve been around since 2007, with teams based in London, Milton Keynes and Wilmslow. It is valuable in understanding the banks, the criteria and products, systems and process, to ensure the broker has trust in my abilities. Remember me Forgot your password?. As a first time buyer, I had several questions which I needed answers for. Covid 19, Coronavirus latest criteria and mortgage polices from lenders and banks Welcome to Gatehouse for intermediaries, how can we help? please sign-in using your email and password. 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. Gatehouse Bank has appointed John Coles as an asset manager in its real estate investment advisory team. Whilst I understand the need to carefully check and verify a potential customer, Gatehouse Bank … Exceptional service by Gatehouse Bank I am extremely happy with the service Gatehouse Bank provided. Since 1993 it has worked with 360+ UK banks and finance houses and 400 more worldwide. 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. Where there is a reliance on personal income, the maximum age remains 85. All the latest news, analysis and insight from the mainstream residential lending market. Its manual underwriting process, ensures all applications are judged on a case-by-case basis, taking the applicant’s full circumstances into account. Business development director – leveraged finance, Portfolio manager, asset based lending – Midlands and North, Education, training and personnel services. A very time consuming and ultimately useless experience. Including industry news, adviser business strategy tips and market commentary. Personal home. Gatehouse Bank is a pioneering UK Bank offering Shariah-compliant ethical savings, home finance, buy-to-let finance, commercial property finance and more. GATEHOUSE returns to pre-COVID criteria, lending again on new build and HMO/MUFB. 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. 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. Buy-to-Let . The following additional criteria applies for loans above 85% LTV: ... Credit facilities are provided by The Co‑operative Bank p.l.c. We’re the fastest growing bank of our kind in the UK, and are a subsidiary of Gatehouse Financial Group Limited. As part of further changes for expats, the bank will now require three months of bank statements from expats, rather than 12 months. “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. 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. ... Why Gatehouse? Refinancing within six months of purchase for all buy-to-let customers will now be allowed, subject to an enhanced due diligence process. 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 enter your email address and we will email you a link where you can change your password. 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. You will be given an identification badge, which must be shown upon request. and are subject to status and our lending policy. 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 Money Promotions Ltd, Unit 14, Bowdens Business Centre, Hambridge, Somerset, TA10 0BP, United Kingdom, Business Money Promotions Ltd © 2020 All rights reserved |. Opinions; 24.11.2020 This week Specialist Lending Solutions is talking to Charlie Stack, business development manager for The Mortgage Lender. 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 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. Registered delegates have access to the seminars where applicable. If you don't receive the emails, please contact marketing@ae3media.co.uk or call 0203 815 3683. The Shariah-compliant lender has raised its maximum age at … Commercial Real Estate Finance . Gatehouse Bank has rolled out changes to its buy-to-let mortgage range to widen its eligibility criteria. 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 has brought its lending up to 75 per cent finance to value (FTV) on its buy-to-let and home purchase plan products. The Financial Conduct Authority, Thank you status and our lending policy out for our editorial... Are not registered to view this page new-builds and apartment buildings over six storeys to an due. Widen its eligibility criteria multiple occupation, multi-unit blocks, new-builds and apartment buildings six! Can we help is authorised and regulated by the Financial Conduct Authority, Thank you, Chief commercial Officer Gatehouse... Reports and accomplished consultants are industry leaders Portfolio manager, asset based lending Midlands... 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