Commercial lender Gatehouse moves into residential and buy to let mortgages.

Gatehouse is moving into offering residential and buy-to-let mortgages, having previously only provided lending in the commercial sector.

The products may not be seen until the end of the year; however, a range of standard residential mortgages with average loan to value amounts are planned. Once launched, they intend to reveal a buy-to-let range, aimed at limited company landlords and those who specialise in large portfolios. This is because they feel the experience they have already gained in the commercial sector is relevant and transferable. 

All of Gatehouse’s products adhere to Sharia-Islamic finance rules and regulations, are regulated by the FCA and are available to anyone who wishes to apply for them.

To be Sharia-compliant, interest is not charged the loan as Muslims are not allowed to benefit from either the lending or the receiving of money from a bank or individual. Sharia-compliance is a niche sector at the moment, but Gatehouse have identified a potential for growth, which has prompted their move into the residential and buy-to-let market.

Gatehouse is one of a number of specialist lenders in the UK who serve niche markets. While a mortgage from Gatehouse could match your loan requirements, a product from another lender could turn out to be a better fit.

The only way to know for certain is to compare all of your options with one of our expert advisers here at Deal Direct. If you’d like to begin the process immediately, click the button below for an instant on-line quote. If, however, you would like to discuss your options in further detail, speak to a member of our team.

Call Deal Direct on 0800 048 8828 for expert advice on all types of mortgages.