Gatehouse Bank has announced a 0.29% reduction in rental rates for its two-year fixed-term Buy-to-Let (BTL) products for British expats and international residents.
The changes apply to the bank BTL two-year fixed term products for overseas residents, including its green home finance range and customers seeking financing for multi-occupancy houses (HMOs) and multi-unit blocks (MUFBs). Gatehouse Bank accepts applications from both private individuals and UK registered SPV Limited Companies.
For customers purchasing or refinancing a home with an energy efficiency class of A or B, the bank’s range of green home financing products offers a 0.10% discount on the rental price.
After repricing, rental prices for two-year BTL products start at 4.91% for British expats and 4.92% for international residents.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, commented: “As the home finance market moves through a particularly volatile time, we regularly review rates to ensure they are competitive within our niche sector and that customers can still access the property finance they need.
“The UK market remains a very attractive investment option for people living abroad and we welcome the opportunity to support even more foreign residents to enter or continue to grow their portfolio within the buy-to-let market.”