Gatehouse Bank

Gatehouse Bank PLC
Company typePublic limited company
IndustryInvestment Banking, Financial services
Founded2007 (London)
Headquarters
London
,
London, United Kingdom
Area served
Worldwide
Key people
Fahed Boodai (Chairman), Charles Haresnape (CEO)
ProductsFinance, investment banking, wealth management, real estate, Shariah advisory
Total assets£1.2bn
Number of employees
201
Websitewww.gatehousebank.com

Gatehouse Bank PLC is a UK regulated Islamic bank headquartered in London, with additional offices in Birmingham, Milton Keynes and Wilmslow.[1]

Gatehouse Bank was founded in 2007[2] and is a subsidiary of Gatehouse Financial Group.[3] It offers savings products for UK customers[4] and residential property finance in England and Wales for residents in the UK and overseas. Gatehouse Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA).[2] Through its subsidiary, Gatehouse Living Group, it also sources and advises on UK real estate investments with a focus on Build to Rent and the private rented sector.[5]

Gatehouse Bank’s business and operations are conducted in accordance with the Shariah principles of transparent, fair, and socially responsible banking. This includes operating in a way which shares risk and reward equitably. No funds are invested in non-Shariah compliant industries such as arms, alcohol, tobacco, and adult entertainment.[6] In 2019, Gatehouse Bank joined 129 founding members from around the world in becoming a founding signatory to the UN Principles for Responsible Banking.[7]

In December 2024, Gatehouse Bank formed a partnership with ColCap Financial UK Limited which involved a forward flow arrangement to originate in excess of £650m of Shariah-compliant home finance over an initial two-year term.[8]

Leadership  

Fahed Boodai – Chairman[9]

Gerald Gregory – Deputy Chairman[9]

Abdulaziz Saud AlBader – Vice Chairman[9]

Lesley Beecher – Non-Executive Director[9]

Charles Haresnape – Chief Executive Officer[9]

Danesh Mahadeva – Chief Financial Officer[9]

Dr Usman Chaudry – Chief Risk Officer[9]

Paul Stockwell – Chief Commercial Officer[9]

Tim Blease – Chief Information & Transformation Officer[9]

Tracey Bailey – Chief Operating Officer[9]

Andy Homer – Chief Customer Officer[9]

Mohaimin Chowdhury – Chief Legal Officer[9]

Joanna Collings – Chief People Officer[9]

Products and Services  

Gatehouse Bank provides a range of property finance across England and Wales for UK residents, expats and international residents.[10] The Bank’s home purchase plans[11] offer a Shariah-compliant alternative to traditional mortgages. It also offers Buy-to-Let purchase[12] plans, as a Shariah-compliant alternative for landlords. Gatehouse Bank has also established itself in the Build to Rent sector through its subsidiary, Gatehouse Living Group, a vertically integrated residential investment and management platform, comprising of Gatehouse Investment Management and property management provider, Ascend Estates Limited.[13]

In 2021, Gatehouse launched its Woodland Saver Accounts (previously named ‘Green Saver’).[14] For every account opened or renewed, the Bank plants a tree in a certified UK woodland project in partnership with Forest Carbon at no additional cost to the customer. The trees are planted across nine UK woodland projects certified by the government’s Woodland Carbon Code.[15] In December 2024, the Bank announced that it had reached the milestone of planting 50,000 trees on behalf of its customers.[16]

In 2022, Gatehouse Bank launched a range of green home finance products which offer a reduced rental rate for customers acquiring or refinancing a property with an energy efficiency rating of A or B.[17] Additionally, the Bank offsets the carbon emissions generated by the average UK property for the product’s initial fixed term, at no additional cost to the customer.[18]

In 2022, the Bank launched a mobile savings app available on iOS and Android.[19] The app allows existing customers to view their account details and balance, recent transactions and withdraw or transfer funds between Gatehouse Bank savings accounts.[19]

Recent Growth

In 2021, Gatehouse Bank launched a series of higher finance to value products to assist UK first-time buyers or homebuyers with smaller deposits.[20] Gatehouse’s home finance offering saw a 40% portfolio growth to £762m.[21]

In 2022, the Bank announced that it had surpassed £1bn in financed assets.[22]

In June 2023, Gatehouse Bank announced that it had surpassed £8mn in post-tax profits for the previous financial year.[23] This milestone followed record levels of growth with a 30% rise in total asset value, now totalling £1.3bn (2021: 1.03bn).[24]

References

  1. ^ "Get in touch | Contact Us". Gatehouse Bank plc. Retrieved 2023-12-05.
  2. ^ a b "FAQs | Gatehouse Bank". Gatehouse Bank plc. Retrieved 2023-12-05.
  3. ^ "HOME". gatehouse-group. Retrieved 2023-12-05.
  4. ^ "Compare our best ethical UK Savings accounts today". Gatehouse Bank plc. Retrieved 2025-07-21.
  5. ^ "About – Gatehouse Living Group". Retrieved 2025-07-21.
  6. ^ Solutions, Mortgage (2023-08-14). "HPP, ESG and SDG: Getting to grips with Shariah-compliant finance – Clayton". Mortgage Solutions. Retrieved 2023-12-05.
  7. ^ "Signatories". Retrieved 2023-12-05.
  8. ^ O'Connor, Jessica (2024-12-04). "Gatehouse Bank and ColCap UK form home finance partnership". The Intermediary - Latest UK mortgage news. Retrieved 2025-07-25.
  9. ^ a b c d e f g h i j k l m "Our Board of Directors | About Gatehouse". Gatehouse Bank plc. Retrieved 2023-12-05.
  10. ^ "UK Ethical Banking, Savings & Finance". Gatehouse Bank plc. Retrieved 2023-12-05.
  11. ^ "Islamic Mortgage Alternative - buy a home". Gatehouse Bank plc. Retrieved 2023-12-05.
  12. ^ "Buy-to-Let mortgage alternatives". Gatehouse Bank plc. Retrieved 2023-12-05.
  13. ^ "Gatehouse Bank Achieves Fifth Consecutive Year Of Profitability". Financial IT. Retrieved 2025-07-25.
  14. ^ Lunn, Emma (2021-02-04). "Gatehouse Bank launches green saver accounts". Your Money. Retrieved 2025-07-25.
  15. ^ Towner, Lauren (2024-12-09). "Gatehouse Bank Customers Plant 50,000 Trees Through Woodland Saver Accounts". FF News | Fintech Finance. Retrieved 2025-07-25.
  16. ^ Onumonu, Marvin (2024-12-09). "Gatehouse Bank plants 50,000 trees through Woodland Saver accounts". The Intermediary - Latest UK mortgage news. Retrieved 2025-07-25.
  17. ^ MacFarlane, Isla (2022-04-28). "Gatehouse Bank launches UK's first Islamic green home loans". Show House. Retrieved 2025-07-25.
  18. ^ MacFarlane, Isla (2022-04-28). "Gatehouse Bank launches UK's first Islamic green home loans". Show House. Retrieved 2025-07-25.
  19. ^ a b "Gatehouse Bank introduces new Savings App". Gatehouse Bank plc. 2022-06-29. Retrieved 2023-12-05.
  20. ^ Tuahene, Shekina (2022-08-09). "Gatehouse Bank's home finance portfolio surges 40 per cent to £762m". Mortgage Solutions. Retrieved 2023-12-05.
  21. ^ Hay, Bryan (2022-08-09). "Gatehouse Bank achieves 40% home finance portfolio growth fuelled by record originations". The Intermediary - Latest UK mortgage news. Retrieved 2023-12-05.
  22. ^ "Gatehouse Bank exceeds £1bn in financed assets". bridgingandcommercial.co.uk. Retrieved 2023-12-05.
  23. ^ "Gatehouse Bank surpasses £1 Billion in financed assets". Gatehouse Bank plc. 2022-09-05. Retrieved 2023-12-05.
  24. ^ "Gatehouse Bank reports strong growth and robust financial performance". Gatehouse Bank plc. 2023-06-19. Retrieved 2023-12-05.
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