Gatehouse Bank has cut rental rates by up to 0.20% on its 2-year and 5-year fixed term buy-to-let (BTL) purchase plans for UK residents.
The changes apply to all standard and green 2-year and 5-year products, including those for customers financing houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The starting rental rates on Gatehouse Bank’s BTL products for UK residents now start at 5.64% for 2-year fixed term at 80% finance-to-value, and 5.90% for 5-year fixed term at the same level.
For HMOs and MUFBs at 75% finance-to-value, rates start at 5.79% for 2-year fixed term and 6.04% for 5-year fixed term.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We remain committed to supporting homebuyers and landlords to achieve their property ownership goals within the UK Buy-to-Let market.
“We are confident that today’s changes will help more people to access the home finance products they need and ensure we continue to provide a competitive offering within the market.”
