The lender will also be withdrawing its home purchase plan finance options at the same time.
According to the Shariah-compliant bank, the decision was made due to an unprecedented level of demand for its products.
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“We believe that these changes are the right thing to do, in order to manage the service levels we are able to provide,” the bank said in a statement made on its intermediary website.
Gatehouse Bank will continue to manage any existing cases.
Any valid DIPs brokers wish to progress must proceed to a fully packaged application — including the customer's signature — and be received via the bank’s online application system by 11.59pm on 25th August.
Cases received that are not fully packaged or remain unsigned after this date, will not be progressed.
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