Paul Stockwell

Gatehouse Bank brings back HMO products

Gatehouse Bank has relaunched its finance products for HMO purchases.

The Shariah-compliant challenger bank withdrew the range at the end of March 2020 due to Covid-19.

The bank will now provide a range of finance options at up to 75% finance-to-value for those wishing to purchase or refinance HMOs, including UK national, expat and international landlords.

Paul Stockwell, chief commercial officer at Gatehouse Bank (pictured above), said: “Gatehouse is proud to relaunch our HMO finance, following a short absence from the market.

“The initial downturn in the property sector following April’s lockdown sent warning signals which we felt may affect this market considerably. 

“Fortunately, the sector has proven to be more resilient than first thought — the outlook is positive and we have seen significant demand from customers and brokers, so we have taken the decision to relaunch our suite of HMO products.”

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