It means that its home purchase plan and buy-to-let (BTL) customers can obtain a DIP in around 10 minutes.
The online facility is available around the clock and allows customers to obtain a DIP at a time that is convenient for them, without needing to speak to an adviser.
Gatehouse Bank’s online DIP facility is also available to BTL customers seeking finance for houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs) or properties under a limited company name.
Once customers have obtained a DIP, they will be prompted to upload their supporting documentation through a secure platform.
These will be reviewed by Gatehouse Bank’s direct adviser team ahead of any application calls.
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Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We are pleased to announce these enhancements to our decision in principle facility, which have been designed to offer greater convenience and flexibility for our customers.
“Being able to independently obtain a decision in principle at a time that is convenient for them will substantially improve the customer journey, especially in instances where time difference is a factor.”
Earlier this month, Gatehouse Bank and ColCap UK entered a home finance partnership.
