Mortgage Brain has added Shariah-compliant ethical bank, Gatehouse Bank, to its Sourcing Brain and Criteria Brain platforms.
This will give brokers access to the bank’s range of Shariah-compliant property purchase products.
Gatehouse Bank’s Home Purchase Plans and Buy-to-Let Purchase Plans will be available to source via Mortgage Brain’s Sourcing Brain. These products are offered to UK residents, UK expats and international homebuyers and landlords.
In addition, brokers will be able to access the criteria for all these products via Criteria Brain.
Research from Gatehouse Bank’s 2024 Islamic and Ethical Finance Consumer report found that 88% of UK consumers of the Muslim faith would consider switching to an Islamic finance provider as would 30% of consumers not of the Muslim faith.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We’re delighted to be partnering with a leading technology provider such as Mortgage Brain to offer brokers even greater access to our range of home finance products.
“This collaboration will allow us to connect with UK brokers and better support them in addressing the diverse needs of their clients, both in the UK and overseas, who are seeking Shariah-compliant home finance solutions.”
Neil Wyatt, sales & marketing director at Mortgage Brain, added: “A very warm welcome to Gatehouse Bank to Mortgage Brain’s sourcing platforms. The inclusion of Gatehouse Bank, known for providing an alternative way of buying a home for those who want to bank differently, enriches our platforms, offering our community of over 15,000 intermediaries even greater access to valuable home finance solutions.”
