The Right Mortgage & Protection Network (TRM) has announced an exciting addition to its panel with Gatehouse Bank, effective from 8 May 2026. This partnership will enable TRM advisers to offer Gatehouse Bank’s Shariah-compliant home finance products, which include both residential Home Purchase Plans (HPP) and buy-to-let options.
Shariah-Compliant Financing Options
Gatehouse Bank’s HPPs operate on a rental payment model, distinguishing them from traditional interest-based lending. This structure is particularly beneficial for clients seeking ethical financing solutions. The bank caters to a diverse clientele, including UK residents, expats, and international buyers, providing tailored finance solutions across both residential and buy-to-let markets.
Enhanced Support for Advisers
Victoria Clark, head of lending at TRM, expressed enthusiasm about the new partnership, highlighting the importance of expanding the range of specialist finance options available to advisers. As client needs evolve, Gatehouse Bank’s unique proposition of ethical finance and flexibility will enhance the support TRM members can offer, particularly for those looking to place Shariah-compliant business.
Practical Impact on the Market
With the current UK base rate at 3.75% as of April 2026, the addition of Gatehouse Bank’s products could provide a competitive edge for advisers working with clients who prefer Shariah-compliant options. For instance, a first-time buyer looking for a home in London might find Gatehouse’s HPPs a viable alternative, allowing them to avoid conventional interest payments while still entering the property market.
This collaboration not only broadens the options available to advisers but also meets the growing demand for ethical financial products in the UK mortgage landscape.
FAQs
- What types of products does Gatehouse Bank offer? Gatehouse Bank offers Shariah-compliant home finance products, including residential Home Purchase Plans and buy-to-let options.
- How does a Home Purchase Plan work? A Home Purchase Plan operates on a rental payment model, allowing clients to finance their homes without traditional interest-based lending.