Gatehouse Bank has announced various rental rate reductions of up to 0.27% across its range of Buy to Let Purchase Plans available for UK Expats and International Residents.
They have been applied on standard and green two-year and five-year fixed term products, with two-year fixed term products seeing a rental rate reduction of 0.26% and five-year fixed term products reducing by 0.27%.
The reduced rental rates are also available for customers seeking finance for HMOs and Mutli-Unit Freehold Blocks (MUFBs). Gatehouse Bank accepts applications from individuals as well as UK-registered SPV Limited Companies.
Updated Starting Rental Rates on Buy-to-Let Purchase Plans
| Applicant | Two-Year Fixed Term BTL Products | Five-Year Fixed Term BTL Products |
| UK Expat | 4.23% | 5.95% |
| International Residents | 4.32% | 5.96% |
Gemma Donnelly, head of customer propositions at Gatehouse Bank, comments:“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.”
