Gatehouse Bank expands Buy-to-Let product range for UK residents

Gatehouse Bank has today expanded its Buy-to-Let (BTL) product offering for UK residents to include 5% and 7% product fee options available on two-year and five-year fixed term products.

Following today’s updates, the Bank now offers BTL rental rates* for UK residents starting from 3.39%.

The product ranges include standard and green two-year and five-year fixed term products, including those for customers seeking 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**.

The Bank’s range of green home finance products offer a reduced rental rate for customers acquiring or refinancing a property with an energy efficiency rating of A or B. Additionally, Gatehouse Bank will offset the carbon emissions generated by the average UK property for the products initial fixed term.

A full list of Gatehouse Bank’s Buy-to-Let Purchase Plans is available here.

Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, said: “We are continuously looking for ways to help our customers achieve their property investment goals and our new fee options will offer more choice while ensuring we remain competitive within the market.

“We are committed to supporting prospective landlords within the UK to find suitable property finance to suit their needs and we hope that today’s changes can help even more individuals to find an option that works for them.”

*As a Shariah-compliant bank, Gatehouse charges rental rates rather than interest rates, which reflect the share the customer owns of the property.

**A Special Purpose Vehicle (SPV) is a company structure set up for a given purpose, with its own assets and liabilities and its own legal status. Within property investment they are formed for purchasing and holding residential buy to lets or for property development.