Shariah loan specialist Gatehouse Bank has announced a series of rental rate reductions of up to 0.20% across its range of two-year and five-year fixed term Buy-to-Let (BTL) Purchase Plans for UK Residents.
As a Shariah-compliant bank, Gatehouse charges rental rates rather than interest rates, which reflect the share the customer owns of the property.
The latest 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 Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB).
Gatehouse Bank accepts applications from individuals as well as UK-registered Special Purpose Vehicle limited companies.
Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, says: “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.”
This article is taken from Landlord Today