Gatehouse Bank has reduced its rental rate by 0.24% across its full range of 2-year fixed term buy-to-let (BTL) Purchase Plans, available to expats and international residents.
Today’s changes apply on all standard and green 2-year products, including those for customers seeking finance for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
Gatehouse Bank accepts applications from individuals as well as UK-registered special purpose vehicle (SPV) limited companies.
The Bank’s range of green BTL Purchase Plan products offer a reduced rental rate for customers acquiring or refinancing a property with an energy efficiency rating of A or B.
Additionally, Gatehouse Bank will offset the carbon emissions generated by the average UK property for the product’s initial fixed term.
Following today’s updates, rental rates on BTL Purchase Plans start at 4.49% for UK expats and 4.58% for international residents.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, added: “We are always looking for ways to support our customers based overseas to achieve their property ownership and investment goals and today’s rate reduction has been designed with this in mind.
“We remain committed to providing our customers with great value and support when financing property with us and are thrilled to be offering highly competitive rates within the UK buy-to-let market.”
