Gatehouse Bank has today announced a 0.29% reduction in rental rates on its two-year fixed term Buy-to-Let (BTL) products for UK expats and international residents.
Today’s changes apply on the Bank’s two-year fixed term BTL products for overseas residents, including its green home finance range and customers seeking finance for Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Gatehouse Bank accepts applications from individuals as well as UK-registered SPV Limited Companies.
For customers acquiring or refinancing a property with an energy efficiency rating of A or B, the Bank’s range of green home finance products offer a 0.10% reduction on the rental rate. Additionally, Gatehouse Bank will offset the carbon emissions generated by the average UK property for the initial fixed term, as set out by the product.
Following today’s reprice, rental rates on two-year BTL products start at 4.91% for UK expats and 4.92% for international residents.
Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, commented: “While the home finance market is navigating a particularly volatile time, we are regularly reviewing rates to ensure they are competitive within our niche sector and that customers are still able to access the property finance they need.
“The UK market continues to be a highly attractive investment option for those residing overseas and we welcome the opportunity to support even more overseas residents as they enter or continue to expand their portfolio within the buy-to-let market.”
