Gatehouse Bank launches commercial products

Ryan Bembridge

November 14, 2018

Gatehouse Bank has launched a range of commercial finance products.

The bank is targeting businesses and investors looking to acquire or refinance commercial property investments and mixed use or owner-occupied commercial premises.

Finance of between £500,000 and £2m is available to UK residents and companies, as well as expat and international clients.

Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “We’ve already built up quite a following in the property space so, with these products, we’re really trying to position ourselves as leaders in every sphere, whether that’s commercial property finance, Build To Rent or buy-to-let.

“Our customers already include investors, asset managers and developers. We know many of them often need more than one type of property finance, so it makes complete sense for us to cover all bases like this.

“We have seen growing demand for finance under £2m over the last 12 months and are confident that our competitive terms, bespoke underwriting and personalised relationship management will prove to be significant draws.”

The bank, which is Shariah-compliant, said it focuses on flexible underwriting and personal relationship managers, who will provide a single point of contact from application through to completion.

Clients will be able to finance up to 70% of the value of commercial properties including offices, industrial units, purpose-built student accommodation and retail property with part residential.

The new products are available directly from the bank or via brokers, and clients can choose between ‘amortising’ or ‘profit-only’ — the Shariah-compliant equivalents of conventional repayment and interest-only.

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