Gatehouse Bank has today announced a series of rate reductions of up to 0.20% across its range of two-year and five-year fixed buy-to-let plans for UK residents.
Today’s changes apply on all standard and green two-year and five-year products for new and existing customers, including those for customers seeking finance for HMOs and multi-unit freehold blocks (MUFB). Gatehouse Bank accepts applications from individuals as well as UK-registered SPV limited companies.
As a Shariah-compliant bank, Gatehouse charges rental rates rather than interest rates, which reflect the share the customer owns of the property.
80% finance-to-value (FTV) buy-to-let rates now start from 5.64% fixed for two years and 5.90% fixed for five years.
For HMOs and MUFBs at 75% FTV, two-year fixed rates have reduced to 5.79% and five-year fixes to 6.04%.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We remain committed to supporting homebuyers and landlords to achieve their property ownership goals within the UK buy-to-let market.
“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.”
