Gatehouse Capital, a sister company of Gatehouse Bank, enters UK bridging finance market
Gatehouse Capital, a sister company of Gatehouse Bank and member of Gatehouse Financial Group, is a Shariah-compliant provider that has today entered the UK’s bridging finance market, offering non-regulated, short-term residential finance.
Serving customers in England, Scotland and Wales, Gatehouse Capital can support those seeking finance from £100,000 on standard residential bridging, with large bridging finance available up to £3 million and 75% finance-to-value (FTV)*. All products are available for 3-to-12-month terms, negotiable to 18 months.
Gatehouse Capital’s product rates begin at 0.79% for residential financing.
The company has been built to deliver decisions quickly and with confidence. It will be headed up by Edinburgh-based Mark Dyason, who has over two decades’ experience in the home finance industry, including as a specialist broker.
Mark Dyason, managing director of Gatehouse Capital, commented: “Bridging has become an essential part of the UK property finance ecosystem, but it is also a market where brokers can still encounter inconsistency, particularly around pricing and execution.
“We want to bring greater clarity to that process through a simple approach of providing transparent, up-front pricing and by structuring our finance in a way that is both Shariah-compliant and commercially competitive.”
Charles Haresnape, director of Gatehouse Financial Group Limited and Gatehouse Capital, said: “The launch of Gatehouse Capital marks an important step forward for the UK’s Islamic finance industry, ensuring that customers seeking ethical alternatives to conventional finance have even more options to choose from.
“Led by an experienced team who are focused on providing a timely, smooth and efficient service, Gatehouse Capital aims to offer rapid and transparent decision-making from application through to completion and beyond.”
*The percentage of the property’s value that the provider is financing. This would be known as the Loan to Value, or LTV, in conventional finance.