Mortgage Brain, the leading technology provider to the mortgage and home finance industry, welcomes Shariah-compliant ethical bank, Gatehouse Bank, to its Sourcing Brain and Criteria Brain platforms. This new partnership will give brokers even greater access to the bank’s award-winning 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 newly updated, faster 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, providing property buyers with even greater certainty about their application earlier in the process.
This partnership will help Gatehouse Bank reach brokers whose increasingly diverse range of clients desire products that align with their values and needs. 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 three in ten (30%) consumers not of the Muslim faith.[1]
Mortgage Brain’s award-winning platforms are widely recognised and utilised by over 15,000 intermediaries throughout the UK.
Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank
“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, Mortgage Brain
“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.”
* A Home Purchase Plan is a Shariah-compliant alternative to a mortgage.
** This survey was commissioned by Gatehouse Bank and carried out by Censuswide. The research anonymously surveyed 1,002 Muslim respondents and 1,004 non-Muslim respondents living in the UK between 17th and 24th of May 2024. The research assessed respondents’ awareness of Islamic, ethical and green finance, alongside barriers to adoption and usage. The report was written by Rostrum and Gatehouse Bank.
