MCI mortgage club has added Shariah-compliant Gatehouse Bank to its lender panel, with members able to access the bank’s buy-to-let and home finance products.
Phil Whitehouse, head of MCI Club said: “We are delighted with the addition of Gatehouse Bank to MCI’s growing panel.
“There is increasing demand for Shariah-compliant mortgage alternatives and Gatehouse Bank joining our panel shows that we are listening to our members and providing them with access to a specialist bank that provides a competitive range of products which are also Shariah compliant.”
Gatehouse Bank director of home finance distribution Roger Evans added: “As we continue to extend our reach into the intermediary market we are delighted to be working closely with MCI Club.
“We are seeing an increased demand from customers interested in our ethical approach, human underwriting and competitive products, as Shariah-compliant finance grows in the UK.”
Brilliant Solutions and Ipswich BS
Meanwhile, Ipswich Building Society has been added to the Brilliant Solutions mortgage club lending panel.
Club members will now be able to access Ipswich Building Society’s range of mortgage products, which includes mortgages for expats, self-build, shared ownership and its residential and buy-to-let range.
Earlier this month the mutual announced its holiday let products had been expanded to include properties throughout England and Wales.
Brilliant Solutions Mortgage Club managing director Matthew Arena said: “Ipswich Building Society is particularly well known for its handling of complex cases, which will no doubt be of interest to our members.
“However, that said, the society is also well respected in terms of mainstream lending and we know that their personal, common-sense approach will appeal to members for more straightforward cases too.”
Ipswich Building Society head of mortgage sales Kate Ley said: “We are delighted to offer our broad range of mortgage products to Brilliant Solutions’ members.
“With our ability to assess each case on its own merit, we really hope to be able to support their clients across a wide range of mortgage types.”