Gatehouse Bank reduces rental rates on all five-year Buy-to-Let products for UK expats and international residents

Gatehouse Bank has today announced a rental rate* reduction of 0.18% across its full range of five-year fixed term Buy-to-Let (BTL) Purchase Plans for UK expats and international residents.

Today’s changes apply on all standard and green five-year products, including those for 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.

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 offsets the carbon emissions generated by the average UK property for the product’s initial fixed term.

Following today’s reprice, rental rates on Buy-to-Let Purchase Plans start at 5.88% for UK expats and 5.89% for international residents.

Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, commented: “We know that the UK property market remains highly attractive to those based overseas and we remain committed to helping existing and prospective landlords to access the finance they need, whether they are based in the UK or abroad.

“Today’s rate reduction ensures we are continuing to offer competitive rates within the market, therefore helping even more customers achieve their property investment goals and further encouraging inward investment in the UK.”

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

*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.