Gatehouse Bank boosts online DIP options Mortgage Finance Gazette

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Gatehouse Bank has boosted its online decision in principle options, making it available for UK expats and international residents.

The Shariah-compliant lender says the move will allow qualifying home purchase plan and buy-to-let customers to get a decision in principle in around ten minutes. This feature is already available to UK residents.

The facility is also available for landlords looking to finance houses in multiple occupation, multi-unit freehold blocks, or properties under a limited company name.

Once customers have obtained a decision in principle they will be prompted to upload supporting documentation through a secure platform, which will be reviewed by the bank’s direct adviser team ahead of any application calls.

Gatehouse Bank head of customer propositions Gemma Donnelly says: “Being able to independently obtain a decision in principle at a time that is convenient for them will substantially improve the customer journey, especially in instances where time difference is a factor.”