Gatehouse Bank has cut its rental rate across its full range of five-year fixed term Buy To Let (BTL) plans for UK expats and international residents.

As a Shariah compliant bank it refers to rental rates rather than interest rates, and purchase plans not mortgages.

The changes apply on all standard and green five-year products, including those for customers seeking finance for HMOs and Multi-Unit Freehold Blocks (MUFBS). 

Gatehouse Bank accepts applications from individuals as well as UK-registered SPV Limited Companies.

The Bank’s range of green home finance products offer a reduced rental rate for customers acquiring or refinancing a property with an EPC rating of A or B. 

Additionally, it offsets the carbon emissions generated by the average UK property for the product’s initial fixed term.

Following the reduction, rental rates on BTL purchase plans start at 5.88% for UK expats and 5.89% for international residents.