"We are confident that today’s changes will help more people to access the home finance products they need and ensure we continue to provide a competitive offering within the market"
- Gemma Donnelly - Gatehouse Bank
The changes, effective today, apply to both standard and green BTL products and are available to new and existing customers. The revised pricing also covers finance for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB). Applications are accepted from individuals and UK-registered limited companies operating as special purpose vehicles (SPVs).
Revised starting rental rates are as follows:
Standard BTL (up to 80% finance-to-value)
Two-year fixed term: 5.64%
Five-year fixed term: 5.90%
HMO/MUFB (up to 75% finance-to-value)
Two-year fixed term: 5.79%
Five-year fixed term: 6.04%
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said, “We are confident that today’s changes will help more people to access the home finance products they need and ensure we continue to provide a competitive offering within the market.”
“We remain committed to supporting homebuyers and landlords to achieve their property ownership goals within the UK buy-to-let market,” she added.
