Gatehouse Bank has reduced rental rates on selected two-year fixed-term Buy-to-Let (BTL) products for UK expats and international residents.
The reductions apply to two-year fixed-term products at 80% finance-to-value (FTV) and 75% FTV products for customers financing Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Gatehouse Bank accepts applications from individuals and UK-registered special purpose vehicles (SPVs) limited companies.
UK expats and international residents purchasing property in England or Wales can now apply for a UK payment account with Algbra as part of the home finance process. This service is available via Gatehouse Bank’s qualified Direct Adviser team or through an intermediary, helping overseas customers meet the requirement to hold a UK account to access property finance.
Following the repricing, rental rates on two-year BTL products start from 4.15% for UK expats and 4.16% for international residents.
“We know how important it is for landlords to find the home finance product that best suits their needs and at the best price," said Gemma Donnelly, head of customer propositions at Gatehouse Bank. “Today’s changes reflect our commitment to remaining competitive within the market while upholding a high level of service to those looking to invest in the highly popular UK property market.”
The bank said the updates aim to make UK property investment more accessible to overseas buyers while maintaining flexible options for HMOs and MUFB financing.
