Gatehouse Bank has relaunched its two- and five-year fixed-term home purchase plans with higher finance-to-value limits.

The Shariah-compliant lender says this includes up to 95% FTV home purchase plan products for first-time buyers and home movers who are seeking a maximum of £600,000 for UK residents.

For customers looking to purchase or refinance a property up to £750,000, the lender has relaunched its home purchase plans with an FTV limit of 90%.

The bank’s Home Purchase Plans with an FTV limit of 95% are available for new build houses, an FTV limit of 90% applies to new build flats.

The business points out that its maximum FTV limit before this relaunch was 80%.

Gatehouse Bank head of customer propositions Gemma Donnelly says: “Today’s changes have been introduced to give our customers a broader choice of options on how to fund their property purchases and allow us to support even more people with achieving their homeownership goals.”