Gatehouse Bank has expanded its buy-to-let product offering for UK residents to include 5% and 7% product fee options on two-year and five-year fixed term products.
Following today’s updates, the bank now offers buy-to-let rental rates for UK residents starting from 3.39%.
As a Shariah-compliant bank, Gatehouse charges rental rates rather than interest rates, which reflect the share the customer owns of the property.
The product ranges include standard and green two-year and five-year fixed term products, including those for customers seeking HMOs and multi-unit freehold blocks (MUFBs). Gatehouse 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 energy efficiency rating of A or B. Additionally, Gatehouse will offset the carbon emissions generated by the average UK property for the product's initial fixed term.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We are continuously looking for ways to help our customers achieve their property investment goals and our new fee options will offer more choice while ensuring we remain competitive within the market.
“We are committed to supporting prospective landlords within the UK to find suitable property finance to suit their needs and we hope that today’s changes can help even more individuals to find an option that works for them.”
