NEWS

January 18, 2019

  • 1 Year Fixed Term Deposit account increased to 2.15%

  • 2 Year Fixed Term Deposit account increased to 2.35%

  • 3 Year Fixed Term Deposit account increased to 2.45%

Gatehouse Bank is today increasing rates on three of its savings accounts. The Bank’s most popular account, a 1 Year Fixed Term Deposit (FTD) account, will now offer a market-leading 2.15% EPR.

The bank is also raising rates on its 2 Year FTD account from 2.14% to 2.35% and its 3 Year FTD account from 2.33% to 2.45%, with both products expected to feature in Best Buy tables.

All Gatehouse Bank savings accounts require an initial deposit of £1,000.

The move means two Gatehou...

January 17, 2019

Gatehouse Bank has appointed Sonam Pathak and Neha Nadhvana as mortgage underwriters in its rapidly expanding Home Finance team.

Sonam brings more than seven years’ banking experience to her new role, having previously held positions at Barclays and Santander. For the past four years, Sonam worked at Coventry Building Society as a mortgage underwriter. Neha is a further strong addition to the already-experienced team, having spent 14 years as an underwriter at Nationwide Building Society.

Sonam and Neha will be responsible for ensuring a smooth process for brokers and individual buy to let and home finance customers.

Both will be based at Gatehouse’s...

January 16, 2019

  • Inflation takes a smaller, but still severe, bite out of nest eggs compared with 2017

  • Average savers’ £26,403 nest egg would still have lost £494 due to inflation

  • 2018 CPI came in at 2.1% this morning

The average saver using easy access accounts lost almost £500 in real terms during 2018 according to data released today, as inflation continued to eclipse rates, analysis by Gatehouse Bank shows**.

The average British saver saw marginally better instant access deposit rates last year. However the average savers’ £26,4032 nest egg would still have shrunk by £494 in real terms once inflation was factored in.

The CPI annual measure of inflatio...

December 14, 2018

Gatehouse Bank’s rapidly expanding commercial real estate team has closed £100m of finance for the first time this year.

The Bank has reached the milestone just four years after the team was founded and is on track to close more than 15 deals across the year, having considered opportunities worth more than £1billion in total.

The facilities, deployed directly by the bank, ranged from £2million up to £20million across a variety of asset classes.

Highlighted deals include:

  • The funding of large Buy to Let residential portfolios located in East London, and the south coast of England

  • PRS schemes in the South West of England

  • A portfolio financing o...

December 14, 2018

  • Gatehouse Bank now has three savings accounts that lead the Best Buy tables

  • 1 Year fixed-term account joins 95 Day Notice Account as market leader

  • Leading 95 Day Notice Account’s Expected Profit Rate (EPR) of 1.85%already beats every 120 Day Notice Account on the market

Gatehouse Bank has relaunched its 1 Year fixed-term savings account with a market-leading expected profit rate of 2.10% AER. The move means two Gatehouse Bank savings accounts currently offer table-topping returns.

The Shariah-compliant bank’s 95 Day Notice Account offering an expected profit rate of 1.85% AER is also a Best Buy, and even trumps...

December 14, 2018

Gatehouse Bank Expands Home Finance Team… | Gatehouse Bank plc

Gatehouse Bank, the Shariah complaint Bank, has appointed Georgina Taylor, Sinead Hendrikse and Tyler Sullivan as Case Managers in its rapidly expanding Home Finance Operations team.

  • Georgina brings with her a wealth of experience from the property and mortgage sectors, having held a number of roles at Connells. Most recently Georgina was a Product Analyst for Countrywide, assessing the different mortgages brought to market.

  • Sinead’s previous roles have involved underwriting and investigating fraudulent activity in the banking industry. She has 5 years experience in financial servic...

December 14, 2018

  • Gatehouse Bank now has three savings accounts that lead the Best Buy tables

  • 1 Year fixed-term account joins 95 Day Notice Account as market leader

  • Leading 95 Day Notice Account’s Expected Profit Rate (EPR) of 1.85%already beats every 120 Day Notice Account on the market

Gatehouse Bank has relaunched its 1 Year fixed-term savings account with a market-leading expected profit rate of 2.10% AER. The move means two Gatehouse Bank savings accounts currently offer table-topping returns.

The Shariah-compliant bank’s 95 Day Notice Account offering an expected profit rate of 1.85% AER is also a Best Buy, and even trumps all the 120 Day Notice Acc...

December 6, 2018

● Bank’s mortgage alternative comes with no early settlement charge
● Initial product offers 2 year fixed term finance for homebuyers

Gatehouse Bank is today launching its first product for homebuyers after securing regulatory approval.

The Shariah-compliant Bank’s first Home Purchase Plan (HPP) product, an alternative to a conventional mortgage, will initially be available directly from the Bank and through One Option Finance, a broker.

Following an initial pilot period, Gatehouse will roll out a wider range of products early in 2019 and plans to make its full offering available to all its intermediary partners.

As a Shariah-compliant Bank, Gatehouse does...

November 27, 2018

Gatehouse Bank has established a new partnership with Ascend Properties the Manchester-based estate and lettings agency. The new relationship will see Ascend working with the Bank to extend its reach into the Build to Rent sector, following a significant investment from Gatehouse into the award-winning agency.

The Bank’s investment will enable Ascend to accelerate its ambitious growth plans, with the property agency continuing to be run independently under the leadership of founders, David Giovanni and Ged McPartlin. Ascend was established in 2014 with the belief that letting agents could do a lot more to support both landlords and clients. The agency h...

November 27, 2018

Gatehouse Bank has been named the “Best Shariah-Compliant Home Finance Bank UK” in the Capital Finance International (CFI) awards 2018, beating strong competition from across the sector.

The CFI awards honour organisations across all areas of finance that contribute to global economic progress.

The judges recognised Gatehouse Bank “as an outstanding and dedicated player in the Islamic finance sphere and one that delivers substantial returns to its stakeholders”.

CFI looked at the full range of the Bank’s activities, including the UK’s private rental sector. The Bank’s Build to Rent schemes have provided capital for thousands of new homes across the countr...

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