Gatehouse Bank has relaunched its finance products for houses in multiple occupation (HMO) purchases from today.
The challenger bank provides Shariah-compliant products for those who want to purchase or re-finance HMOs, with finance to value up to 75 per cent for both UK national, expat and international landlords.
It withdrew the range at the end of March last year in response to the Covid-19 pandemic and restrictions on the property market.
Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “Gatehouse is proud to relaunch our HMO finance today following a short absence from the market.
“The initial downturn in the property market 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 at 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,” he added.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
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