July 24, 2019

Nearly half of Muslim consumers have never used Shariah-compliant products, marking a wake-up call to the UK Islamic banking industry, new research by Home Purchase Plan provider and Shariah-compliant bank Gatehouse reveals. 

A surprising 46% of Muslim consumers say they have never used Shariah-compliant products, according to the study. 

The figure1 - which rises to 53% among Muslim women — underlines the challenge faced by Shariah-compliant finance providers.

However, a number of positive findings highlight the huge opportunity available to the sector if it invests in the right areas. 

Seven in ten (71%) Muslim consumers questioned believe...

June 30, 2019

Kuwaiti entrepreneur, Fahed Boodai, the Chairman and co-founder of Gatehouse Financial Group has been presented with the Award for Business at the first Arabian Business London Awards.

The Award for Business, recognised Gatehouse Bank, a UK challenger bank that has established itself as a growing provider of Shariah-compliant banking services to UK residents, UK expats and International clients.

Fahed is Chairman of Gatehouse Bank, which he established in 2007, and the Bank is a subsidiary of Gatehouse Financial Group.

Earlier this year the Bank launched its Home Purchase Plan offering, enabling UK residents, UK expats and International clients to acquire...

May 21, 2019

  • New 5 Year Fixed Home Purchase Plans (HPP) available to UK residents, UK Expats and International residents

  • Lowest rates reduced across the Bank’s existing HPP range by up to 0.7%

  • HPPs have no early payment charges

  • “Since launching HPP and BTL, the early signs are showing a demand for Shariah-compliant products from people who value good service and the way we’re committed to making decisions based on each customers’ circumstances. 

    “With an approvals process underpinned by a human approach, not machines, it’s never the computer that says no and we’re not turning people away for no reason, even if other providers already have.”


May 14, 2019

Gatehouse Bank has promoted Sim Gill to the newly-created role of Intermediary National Key Account Manager. In his new role, Sim will lead the coordination of operations with a number of key broker partners.

Sim joined Gatehouse in October 2017, starting as a Business Development Manager in the Residential Property Finance department. Prior to joining the Bank, he was Islamic Finance Officer at Ahli United Bank.

As Gatehouse has increased its home finance services, Sim has played a key role in developing its engagement with large business introducers.

Reporting to Faisal Dar, Head of Specialist Home Finance, Sim will work closely with the Bank’s Business...

March 21, 2019

From left to right, Khaled Al-Baijan (CEO of Gatehouse Capital), Abdulaziz Saud AlBader (Deputy Chairman of Gatehouse Financial Group), Fahed Boodai (Chairman of Gatehouse Bank), Charles Haresnape (CEO of Gatehouse Bank), Paul Stockwell (CCO of Gatehouse Bank)

Gatehouse Bank joined colleagues and guests at an Anniversary Reception in Kuwait on 14th March to celebrate three key milestones for Gatehouse Financial Group.

The Bank’s parent, Gatehouse Financial Group, is this year celebrating its fifth anniversary and the Bank’s sister company, Gatehouse Capital, celebrates its 20th Anniversary of offering full service real estate investment solutions. In add...

March 20, 2019

Price of flats has dropped as much as 7.5% in the last 12 months

● Aberdeen showing the biggest discounts followed by St Albans (5.3%) and Middlesbrough (4.6%)

● Across the UK, the price of flats is going up nearly four times slower than houses1

A cooling property market means flat values are plummeting by more than 7% in some areas in a boon for first-time buyers trying to buy their first home, research by home finance provider Gatehouse Bank reveals1.

Significant price falls in specific areas, including key commuter towns, are presenting first-time buyers with opportunities to get on the property ladder.

Land Registry data shows Aberdeen is offerin...

March 6, 2019

Gatehouse Bank is today broadening the appeal of its home finance range with the launch of several new products.

The new products follow the introduction of the Bank’s first Home Purchase Plan (HPP) product — a Shariah-compliant alternative to a traditional mortgage — which was launched in December with a maximum Finance-to-Value (FTV) of 50%. Following the successful pilot, Gatehouse is launching a broader range of two year fixed term HPP products for UK home buyers with higher FTV brackets of 65% and 80% and available to all broker partners and directly from Gatehouse.

The Bank expects the new products to significantly increase the appeal of its offeri...

February 21, 2019

Gatehouse Bank Appoints Director of Home Finance Distribution

Roger brings over 30 years’ financial services experience spanning mainstream banking, financial planning and home finance to his newly created role. He joins Gatehouse from Aldermore where he was Head of Intermediary Mortgage Distribution and, prior to that, spent a decade as Head of Sales at NatWest and RBS.

Early in his career, Roger held a number of roles at NatWest including Head of Intermediary Mortgages and Head of Telephony Mortgages.

Roger will report to Chief Commercial Officer, Paul Stockwell and be based at Gatehouse Bank’s Milton Keynes office, where he will lead the bank’s growing...

February 11, 2019

● 98.8% drop in the number of towns and cities seeing FTBs chase prices harder than home movers
● Doncaster, South Yorks. is the only place where First Time Buyers ended up paying proportionately more than former owner-occupiers over the last year

The appetite of first-time buyers to chase the market has collapsed in the last 12 months, new analysis by HPP home finance provider Gatehouse Bank reveals today.

Gatehouse used Land Registry data to analyse the percentage changes in the average price paid by first-time buyers compared with those already on the property ladder across more than 100 major UK towns and cities in each of the last two years1.

The stu...

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