Gatehouse Bank has introduced various rental rate reductions of up to 0.27% across its range of buy-to-let (BTL) Purchase Plans available for UK expats and international residents.
Changes have been applied on standard and green 2-year and 5-year fixed term products, with 2-year fixed term products seeing a rental rate reduction of 0.26% and 5-year fixed term products reducing by 0.27%.
The reduced rental rates are also available for customers seeking finance for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
For UK expat applicants, the starting rental rate for a 2-year fixed term BTL product is now 4.23%, while the rate for a 5-year fixed term BTL product is 5.95%.
For international residents, the starting rental rate for a 2-year fixed term BTL product is 4.32%, and for a 5-year fixed term BTL product, the rate is 5.96%.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “Today’s changes have been implemented to support even more people residing overseas to achieve their investment goals and ensure our Purchase Plans remain competitive within the home finance market.”
