Sharia-compliant lender Gatehouse Bank has resumed its refinance facilities for home purchase plan (HPP) products.
Gatehouse Bank will accept refinance applications on all products up to 90% finance to value (FTV) and its green finance deals.
Its green finance products offer a reduced rental rate, the lender’s alternative to an interest rate that complies with Sharia values, for borrowers buying or refinancing a property with an EPC rating of A and B.
Gatehouse Bank will also offset carbon emissions generated by the average property in the UK, as long as the borrower remains with the lender and has a qualifying property.
The bank has also resumed offering home finance products to residents of China and Hong Kong.
John Mace, senior product manager at Gatehouse Bank, said: “We’re pleased to be reinstating refinancing on our range of home purchase plans for UK residents and UK expats, which will allow us to help more people achieve their financial goals.
“Gatehouse Bank is one of the few UK providers offering home finance for applicants based in China and Hong Kong, which is a significant step in broadening our customer base.”
Earlier this year, Roger Evans, Gatehouse Bank’s home finance distribution director, announced he would be retiring from the business in June.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
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