Gatehouse Bank has announced various rental rate reductions of up to 0.27% across its range of Buy to Let Purchase Plans available for UK Expats and International Residents.
They have been applied on standard and green two-year and five-year fixed term products, with two-year fixed term products seeing a rental rate reduction of 0.26% and five-year fixed term products reducing by 0.27%.
The reduced rental rates are also available for customers seeking finance for HMOs and Mutli-Unit Freehold Blocks (MUFBs). Gatehouse Bank accepts applications from individuals as well as UK-registered SPV Limited Companies.
Updated Starting Rental Rates on Buy-to-Let Purchase Plans
| Applicant | Two-Year Fixed Term BTL Products | Five-Year Fixed Term BTL Products |
| UK Expat | 4.23% | 5.95% |
| International Residents | 4.32% | 5.96% |
Gemma Donnelly, head of customer propositions at Gatehouse Bank, comments:“Today’s changes have been implemented to support even more people residing overseas to achieve their investment goals and ensure our Purchase Plans remain competitive within the home finance market.”
This article is taken from Landlord Today