Gatehouse Bank has today announced it has increased its Finance to Income (FTI) ratios across its Home Purchase Plans (HPP), with customers now able to apply for residential property finance up to six times their gross income.
The newly enhanced ratios will be available to all customers, including UK residents, UK expats and international residents, who are looking for residential property finance for a property in England or Wales. The ratios available are determined based on gross household income and finance-to-value (FTV) figures and are subject to affordability assessment checks and policy criteria.
Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, said: “Helping as many people as possible to access, or move up, the property ladder is a key focus for us at Gatehouse Bank.
“Whether our customers are a first-time buyers or current homeowners looking to refinance an existing property, today’s changes will ensure that there are more options available to those who need them.”
