Gatehouse Bank improves buy-to-let offering

Published on

Gatehouse Bank has introduced a series of changes to its range of buy-to-let purchase plans.

Changes include the launch of a new 5% fee option on two-year and five-year fixed term buy-to-let products for UK expats and international residents, which is available to individual applicants as well as UK-registered SPV limited companies. This option allows customers to make an advanced payment in exchange for a lower rental rate. The minimum finance amount for these products is £75,000 and rates start from 5.05%

The bank has also reduced the minimum finance amount on its 3% fee option across all buy-to-let products, available for UK residents as well as UK expats and international residents.

The new minimum finance amount is £75,000, down from £500,000 previously.

Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank
Gemma Donnelly, Gatehouse Bank

Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “Our latest product enhancements have been designed to help more customers residing overseas seek Shariah-compliant finance to purchase property in the UK.

“The UK housing market remains an attractive option for customers globally and we hope that today’s product changes will provide more flexibility and ensure we are offering competitive financial solutions within the market.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Mortgage Works cuts buy-to-let rates for a second time in a week

The Mortgage Works will reduce rates by up to 0.20% across parts of its...

Clydesdale Bank trims selected residential and buy-to-let fixed rates

Clydesdale Bank has confirmed a series of rate reductions across parts of its residential...

Millions of young adults move back home to save for first property

More than 12 million people aged between 18 and 40 have lived with family...

Gatehouse Bank partnership aims to ease UK property finance for overseas buyers

Gatehouse Bank has partnered with financial technology firm Algbra in a move designed to...

ClearScore acquires Acre to accelerate mortgage ambitions

The ClearScore Group has completed the acquisition of Acre Platforms Ltd, a London-based technology...

Latest publication

Other news

The Mortgage Works cuts buy-to-let rates for a second time in a week

The Mortgage Works will reduce rates by up to 0.20% across parts of its...

Clydesdale Bank trims selected residential and buy-to-let fixed rates

Clydesdale Bank has confirmed a series of rate reductions across parts of its residential...

Millions of young adults move back home to save for first property

More than 12 million people aged between 18 and 40 have lived with family...