The Right to Receive an Impartial Review of Ones Complaints and to Be Dealt With Fairly Is Known as
Gatehouse Bank
Gatehouse Bank, formerly known as Milestone Savings, is a Uk challenger bank based in London. Founded in 2008, the bank is Sharia compliant. The Milestone Uppercase PCC programme, founded in 2009, helps banks to raise funds from Islamic capital markets.
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Overview
First Glance
Gatehouse Banking concern, formerly known every bit Milestone Savings, is a UK challenger bank based in London. Founded in 2008, the bank is Sharia compliant. The Milestone Capital PCC programme, founded in 2009, helps banks to raise funds from Islamic capital markets.
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About Gatehouse Bank
Gatehouse Banking company, formerly known as Milestone Savings, is a UK challenger bank based in London. Founded in 2008, the depository financial institution is Sharia compliant. The Milestone Majuscule PCC programme, founded in 2009, helps banks to raise funds from Islamic capital markets.
Sharia compliance ways that the bank does not invest in prohibited markets such as gambling, the tobacco industry, booze or artillery. Sharia banking besides prohibits speculation or what is called 'excessive doubtfulness'. Accounts in Sharia-compliant banks do non earn interest.
Function of the wider Gatehouse Financial Group, Gatehouse also invests in the UK private housing sector, with the goal of addressing the country's housing shortages. The programme was singled out equally a good example of how foreign investment can aid the housing sector in 2015.
Gatehouse Bank Products and Services
Gatehouse Depository financial institution provides financial and savings products for commercial and residential real estate. I of the cornerstones of the bank's business is buy-to-let finance, from straightforward investment in private residences to company finance and boosting holding portfolios. The bank also provides property finance for expats, with some weather. Properties must be in England and Wales and must be investment backdrop. Gatehouse must also approve the surveyor.
Purchase-to-permit finance tin exist offered directly to the consumer or via an intermediary.
The corporate finance team at Gatehouse arranges commercial real estate finance for customers including asset managers, holding developers and investors. Areas that are covered include:
- Mezzanine financing
- Restructuring
- Acquisitions, development and refurbishment
- Asset refinancing
Gatehouse also sources, and offers advice in, the United kingdom build-to-rent sector.
Security at Gatehouse Banking concern
Gatehouse Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Fiscal Deport Authority (FCA) and Prudential Regulation Authority. Some products exercise autumn outside the remit of the FCA; more information tin exist plant at the Gatehouse website.
Gatehouse Bank Contact Details
14 Grosvenor St
London
W1K 4PS
Phone: 020 7070 6000
Email: [email protected]
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Gatehouse Bank Reviews
"BAD Feel & UNPROFESSIONAL SERVICE I supported John Smith comments"
BAD Experience & UNPROFESSIONAL SERVICE
I supported John Smith comments.
My case is similar to John.
This was non handled in a Professional manner which I expect professional service from a Sharia Complaint Provider.
I have actually obtained Principle-in-Approval from Gatehouse on Jan 2022.
After a three/4 mths await with documents reviews northward keep asking for more documentation proof & interest charge per unit increased banking concern-wide & I've actually paid my property valuation fee as brash by my amanuensis in-order to speed up to close for full completion.
The Bank booked the surveyor to value the property on 13th April 2022 & sudden release that they have reached their max exposure cap & rejected the whole thing. That's information technology!
If the Banking company underwriter knows internally that this is going to happen and then why wait till the last infinitesimal to reject when you guys knows that my developers solicitors has given a tight deadline past end Apr for total completion. You expect me to look for another Uk lender n re-start my process to see end Apr borderline?
Are you guy gg to refund my valuation fees??? GBP322 I've wired on 22mar2022.
I'thousand based in Singapore northward I'm definitely filed to CASE to report this unpleasant incident.
I look Gatehouse banking concern to give a response to my feedback.
Your staff didn't handled information technology well
Unprofessional attribute to my case.
"I believe that Gatehouse bank is not a suitable banking company to lend money"
I believe that Gatehouse bank is not a suitable banking company to lend money. The underwriting is simply unbelievable and not adequate comparison to other boilerplate lenders in the market.
I think gatehouse bank has it's own internal understanding and only lend to who and how they wish to lend coin to, which I plant information technology very unfair.
The underwriters commonly request for the same data over and over like they don't have a updated client information data system.
they drag a case for then long, usually 3-6 months for a simple mortgage case and eventually they decline the case for no reason any??!! This is for mortgage and concern finance.
The underwriting team works based on discretion and not facts.
I had many of my friends dealing placing their mortgage application with Gatehouse bank and non fifty-fifty one of them succeeded to go a mortgage from gatehouse. Without exception, they took minimum of three months + to come dorsum with a decline reply.
Please tell me, which average vendor would wait for a buyer to gat a mortgage offering in 3-6 moths?? Doesn't this question comes across the underwriter's mind??
They probably say it'south our criteria and AML, compliances reasons etc, yeah, nosotros all understand this simply why this decisions are non dealt with it at the commencement or dealt with promptly? If you lot are busy, then business must exist booming, then why don't yous employ more people? I believe that this depository financial institution has a different agenda and I volition be looking into their activities closely in the virtually future.
gatehouse bank is a waist of time to deal with and I would never recommend them to anyone as they don't have no understanding of the market nor they treat their clients fairly or accept any sympathy with anyone'due south cases.
I think the processing team in this bank are just engaging themselves with the applicants without producing any results. they just keeping themselves decorated in order to receive salaries which I remember this is very unfair to the shareholders of the bank.
I believe that, the processing team and underwriters are either not trained properly or they are incompetent individuals working for this banking company.
I would recommend that the underwriting team and the processing team should be reviewed and trained like a normal banking concern who can assist the people and the community.
Yours
Tony
5 persons establish this helpful
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Source: https://www.comparebanks.co.uk/bank/gatehouse-bank/
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