Gatehouse Bank reinstates refinancing for all Buy-to-Let applications and for Home Purchase Plans for International Residents

Gatehouse Bank has today reinstated refinancing for Buy-to-Let applications from UK Residents, UK Expats and International Residents as well as for Home Purchase Plan* (HPP) products for International Residents.

This means that the Bank will now accept refinance applications on all Buy-to-Let and HPP products, with a Finance-to-Value** (FTV) of up to 80%, including the Bank’s Green Home Finance products. Under its Green Home Finance proposition, Gatehouse offers a reduced rental rate*** for customers acquiring or refinancing a property with an EPC rating of A or B and offsets the carbon emissions generated by the average UK property for the product’s initial fixed term.

Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, said: “We are pleased to be able to now support homebuyers and landlords looking to refinance properties across our entire range of home finance products.

“Ultimately, this means that Gatehouse Bank can help more customers seeking Shariah-compliant home finance for properties in England and Wales, whether they are based in the UK or overseas.”

A full list of Gatehouse Bank’s Home Purchase Plans is available here, while a list of its Buy-to-Let products is available here.

*A Home Purchase Plan is a Shariah-compliant alternative to a mortgage.

**Finance to Value (FTV) is the amount of finance expressed as a percentage of the property valuation, which may be referred to as Loan-to-Value (LTV) in conventional finance.

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