It is valuable in understanding the banks, the criteria and products, systems and process, to ensure the broker has trust in my abilities. The maximum age increase and reduction of statements also apply to Houses in Multiple Occupations (HMOs) and Multi Unit Freehold Blocks (MUFBs). All cancellations must be received in writing. We’re the fastest growing bank of our kind in the UK, and are a subsidiary of Gatehouse Financial Group Limited. Its manual underwriting process, ensures all applications are judged on a case-by-case basis, taking the applicant’s full circumstances into account. 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 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. GATEHOUSE returns to pre-COVID criteria, lending again on new build and HMO/MUFB. As a first time buyer, I had several questions which I needed answers for. 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. We use cookies to ensure that we give you the best experience on our website. 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 . Remember me Forgot your 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%. 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. Gatehouse has also suspended loans against houses in multiple occupation, multi-unit blocks, new-builds and apartment buildings over six storeys. 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. 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. Refinancing within six months of purchase for all buy-to-let customers will now be allowed, subject to an enhanced due diligence process. Exceptional service by Gatehouse Bank I am extremely happy with the service Gatehouse Bank provided. Gatehouse Bank PLC is a UK regulated bank, based in Mayfair, London. Business Money’s proven marketing platform, specialist reports and accomplished consultants are industry leaders. Covid 19, Coronavirus latest criteria and mortgage polices from lenders and banks This week Specialist Lending Solutions is talking to Charlie Stack, business development manager for The Mortgage Lender. 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. Register to gain access to MortgageSolutions.co.uk for the latest news analysis, interactive comment, industry video and features, all at your finger tips. Conditions apply. 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. 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 will also now allow refinancing within six months of purchase for all buy-to-let customers, subject to an enhanced due diligence process. 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. 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. Calculators, product and criteria information, key contacts and more, all at your fingertips. ... Why Gatehouse? Personal. Older clients, who would otherwise have no problem passing affordability tests, will now find it easier to get a loan, Gatehouse said. 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. 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. Including industry news, adviser business strategy tips and market commentary. You will receive confirmation of your cancellation. Home Finance . Welcome to Gatehouse for intermediaries, how can we help? Gatehouse Bank has rolled out changes to its buy-to-let mortgage range to widen its eligibility criteria. By signing up, the bank has committed to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. Gatehouse launches new mortgage alternative. International residents will need to provide bank statements covering six months. About Gatehouse Bank. The Shariah-compliant lender has raised its maximum age at the end of 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) Savings . PRS/Build to Rent . About Gatehouse Bank We’ve been around since 2007, with teams based in London, Milton Keynes and Wilmslow. 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