Gatehouse Bank has today announced a 0.10% rental rate reduction on selected residential property finance products available to UK residents.
The changes apply on two and five-year fixed-term Home Purchase Plans (HPP) at 65% and 80% finance-to-value (FTV) and on two and five-year Buy-to-Let (BTL) products at 65% FTV. This includes standard and green products for individual applicants as well as UK-registered SPV Limited Companies. The reduced rates will also apply for customers seeking Buy-to-Let property finance for Houses in Multiple Occupation (HMOs) or Multi-Unit Freehold Blocks (MUFBs).
Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, commented: “We know how important it is for prospective homebuyers and landlords to receive a competitive rate on a product that suits their individual needs.
“We hope that today’s rate reduction will help even more people within the UK to access the financing they require as they look to achieve their property ownership goals.”
