Gatehouse Bank has reduced rental rates by 0.18% across its full range of five-year fixed-term Buy-to-Let (BTL) Purchase Plans for UK expats and international residents.
The changes apply to all standard and green five-year products and cover customers purchasing or refinancing a range of property types. Applications remain open to both individual borrowers and UK-registered SPV Limited Companies.
The revised pricing applies to:
standard and green five-year BTL Purchase Plans
finance for Houses in Multiple Occupation (HMOs)
Multi-Unit Freehold Blocks (MUFBs)
individual applicants and UK-registered SPV Limited Companies
Gatehouse Bank’s green home finance products offer lower rental rates for customers acquiring or refinancing properties with an energy efficiency rating of A or B. The bank also offsets the carbon emissions generated by the average UK property for the initial fixed term of the product.
After the repricing, rental rates on Buy-to-Let Purchase Plans now start at 5.88% for UK expats and 5.89% for international residents.
“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,” said Gemma Donnelly, head of customer propositions at Gatehouse Bank.
“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.”
The bank said the move reflects continued demand from overseas investors seeking access to UK residential property, with a focus on longer-term fixed products that provide cost certainty. By extending the reduction across both standard and green products,
