Gatehouse Bank has reduced rental rates by 0.31% on all two-year fixed-term buy-to-let purchase plans available to UK expats and international residents.
The reductions apply to both standard and green two-year products, including those for customers seeking finance for Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBS). Applications are accepted from individual borrowers as well as UK-registered SPV limited companies.
Following the changes, rental rates on two-year BTL products start at 4.21% for UK expats and 4.22% for international residents.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said, “Helping customers achieve their property ownership goals is something we take seriously at Gatehouse Bank, and today’s changes will help even more customers residing overseas to access the finance they need.
"We know that the UK market remains highly attractive to those looking to purchase Buy-to-Let properties, and we are committed to providing products which are competitive while also serving the needs of customers from across the globe.”
