Gatehouse Bank has reduced rental rates by 0.18% across its full range of 5-year fixed buy-to-let products for UK expats and international residents.

The repricing applies to both standard and green 5-year buy-to-let purchase plans, including products available for Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Applications are accepted from individual borrowers as well as UK-registered SPV limited companies.

Gatehouse Bank’s green home finance range offers reduced rental rates for customers purchasing or refinancing properties with an EPC rating of A or B.

The bank also offsets the carbon emissions generated by the average UK property for the duration of the product’s initial fixed term.

Following the latest changes, rental rates on 5-year buy-to-let purchase plans now start from 5.88% for UK expats and 5.89% for international residents.

COMPETITIVE RATES

Gemma Donnelly (main picture, inset), head of customer propositions at Gatehouse Bank, said: “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.”