Gatehouse Bank offers new BTL fee options and green product incentives

Published on

Gatehouse Bank has broadened its buy-to-let range for UK residents with new fee options and lower starting rates.

The Shariah-compliant bank has introduced 5% and 7% product fee options on its two- and five-year fixed term products, with rental rates beginning at 3.39%.

The expanded range includes both standard and green products, as well as options for Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).

Applications are open to individuals and UK-registered SPV limited companies, with the green range offering reduced rates for properties with an energy efficiency rating of A or B. For these products, the bank also offsets the carbon emissions generated by the average UK property during the fixed term.

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

Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We are continuously looking for ways to help our customers achieve their property investment goals and our new fee options will offer more choice while ensuring we remain competitive within the market.

“We are committed to supporting prospective landlords within the UK to find suitable property finance to suit their needs and we hope that today’s changes can help even more individuals to find an option that works for them.”

The move comes as lenders compete to retain momentum in the buy-to-let market, with landlords increasingly seeking flexible fee structures alongside competitive rates.

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

Santander cuts higher loan-to-value rates for first-time buyers and movers

Santander is cutting rates across a wide range of higher loan-to-value mortgage products from...

FCA maps out open finance plans with mortgages and SME lending in focus

The Financial Conduct Authority has set out its latest vision for open finance, with...

The Vernon creates chief customer officer role with new appointment

Vernon Building Society has appointed Louise Thorpe as its first chief customer officer. Thorpe (pictured)...

HLPartnership adds Afin Bank to panel

HLPartnership has added Afin Bank to its lender panel, giving advisers across the network...

Mortgage Advice Bureau buys HomeOwners Alliance in push to reach buyers earlier

Mortgage Advice Bureau (MAB) has bought consumer platform HomeOwners Alliance as it looks to...

Latest publication

Other news

Santander cuts higher loan-to-value rates for first-time buyers and movers

Santander is cutting rates across a wide range of higher loan-to-value mortgage products from...

FCA maps out open finance plans with mortgages and SME lending in focus

The Financial Conduct Authority has set out its latest vision for open finance, with...

The Vernon creates chief customer officer role with new appointment

Vernon Building Society has appointed Louise Thorpe as its first chief customer officer. Thorpe (pictured)...