View more on these topics

Former TSB head of property risk joins Gatehouse

Shariah compliant bank Gatehouse has appointed former TSB head of property risk Paul Stockwell as chief commercial officer.

In May, Mortgage Strategy revealed that Gatehouse Bank will launch into the mainstream residential and buy-to-let mortgage market later this year.

Prior to TSB, Stockwell worked for Aldermore Bank where he was responsible for all property development, commercial and residential property lending risk and valuation.

He is the second former Aldermore employee to join Gatehouse, with the specialist lender’s former group managing director of mortgages recruited as chief executive earlier this year.

Gatehouse has also promoted Danesh Mahadeva to the role of chief financial officer, replacing Twalha Dhunnoo.

Mahadeva was previously vice president, head of finance at Gatehouse.

Haresnape says: “I am delighted that Paul is joining the bank, bringing significant experience which will help during our next phase of growth. Paul’s experience will benefit the bank in both its commercial and retail activities. The appointment of Danesh is particularly pleasing as he has progressed within the bank and therefore brings consistency to that important role.”



Gatehouse targets mainstream market with Sharia mortgages

Gatehouse Bank will expand into residential and buy-to-let mortgage lending later this year for the first time, led by former Aldermore group managing director Charles Haresnape. Gatehouse will lend exclusively through brokers. Until now, the lender has provided only commercial mortgage lending. The lender plans to first concentrate on “competitive” standard residential mortgages at middling […]


Gatehouse set to move into Islamic mortgages after Haresnape hire

Gatehouse Bank looks set to expand into Islamic mortgage lending after registering two trademarks for shariah-compliant loans. The lender bought the trademarks for ‘Gatehouse Mortgages’ and ‘Milestone Mortgages’ last week, according to filings at the Intellectual Property Office. Both trademarks apply to Islamic banking services. Gatehouse is currently known for shariah-compliant real estate investment and […]

Pension savings-2015

Overseas transfer charge

By Jim Grant, Senior Product Insight & Technical Support Analyst, Royal London Transfers to overseas pension schemes are not recognised transfers unless the transfer is to a Qualifying Recognised Overseas Pension Scheme (QROPS). A transfer to an overseas pension scheme that isn’t a QROPS is therefore an unauthorised payment and taxed accordingly. However, even if the […]


News and expert analysis straight to your inbox

Sign up