TMA Club has announced the addition of Gatehouse Bank to its panel of finance providers.

The club revealed its members will have immediate access to Gatehouse’s range of buy-to-let (BTL) solutions and home purchase plans – which are available to UK, ex-pat and international residents.
 
As part of Gatehouse’s BTL product range, TMA said its members will be able to access fixed rate products with no early payment charges, while Gatehouse Bank’s offering will provide solutions for a range of TMA member’s landlord clients, including complex cases such as property portfolios, HMOs and multi-unit freehold blocks.

Furthermore, advisers will be able to secure BTL finance for a range of clients including first-time buyers and first-time landlords, limited companies, as well as on and offshore SPV structures for properties located in England and Wales.

TMA development director, Lisa Martin, commented: “At TMA, we are committed to providing our advisers with top quality solutions so that they are well equipped to help different types of clients, ranging from those with complex income scenarios to property investors based outside of the UK.

“Our decision to partner with Gatehouse is grounded on exactly that principle. With a limited number of Shariah-compliant banks operating in the UK market we are confident that with today’s partnership, more of our members will be able to support both their residential and landlord customers with the financing solutions they need, and ultimately bolster their business.”

Gatehouse, a Shariah-compliant bank, provides an additional benefit for those seeking ethical finance as it does not invest in industries related to gambling, alcohol, tobacco or arms.

The new partnership will also mean access to Gatehouse’s end-to-end online processing platform can offer TMA advisers a fast decision in principle and case tracking.

Gatehouse director of home finance distribution, Roger Evans, added: “Joining TMA’s panel is a natural extension of our distribution as we look to support more intermediaries with the products relevant to their growing client portfolios.

“We look forward to working with the club to provide more brokers with the tools they need in order to do a thorough job for their customers, all the while assisting a growing number of consumers with their housing aspirations.”

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