Gatehouse Capital has launched into the UK bridging sector with a Shariah-compliant residential proposition aimed at brokers and their clients.
The firm, a sister company of Gatehouse Bank and part of Gatehouse Financial Group, will offer non-regulated short-term residential finance across England, Scotland and Wales.
Loans start from £100,000, with larger facilities available up to £3 million and 75% finance-to-value. Terms range from three to 12 months, with the option to extend to 18 months.
Rates begin at 0.79% for residential financing, with the lender positioning its offering around speed of decision-making and pricing transparency.
The business is led by Mark Dyason, managing director of Gatehouse Capital, who brings more than two decades of experience in the home finance market, including time spent as a specialist broker.
Dyason said: “Bridging has become an essential part of the UK property finance ecosystem, but it is also a market where brokers can still encounter inconsistency, particularly around pricing and execution.
“We want to bring greater clarity to that process through a simple approach of providing transparent, up-front pricing and by structuring our finance in a way that is both Shariah-compliant and commercially competitive.”
Charles Haresnape (pictured), director of Gatehouse Financial Group Limited and Gatehouse Capital, said: “The launch of Gatehouse Capital marks an important step forward for the UK’s Islamic finance industry, ensuring that customers seeking ethical alternatives to conventional finance have even more options to choose from.
“Led by an experienced team who are focused on providing a timely, smooth and efficient service, Gatehouse Capital aims to offer rapid and transparent decision-making from application through to completion and beyond.”
The launch reflects continued demand for short-term finance solutions, particularly among borrowers seeking flexible funding options outside of mainstream mortgage products, including first-time-buyers, home movers and those refinancing existing arrangements.
Gatehouse Capital said finance-to-value is equivalent to loan-to-value in conventional finance.
