Gatehouse Bank reduces buy-to-let rates for overseas residents

Gatehouse Bank has reduced rental rates by 0.31% on all two-year fixed term buy-to-let purchase plans available for UK expats and international 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 new rates apply across standard and green two-year products, including for those customers seeking finance for HMOs and multi-unit freehold blocks (MUFBS). Gatehouse Bank accepts applications from individuals as well as UK-registered SPV limited companies.

Following today’s changes, the Bank’s rental rates on two-year buy-to-let products start from 4.21% for UK expats and from 4.22% for international residents. 

Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “Helping customers achieve their property ownership goals is something we take seriously at Gatehouse Bank and today’s changes will help even more customers residing overseas to access the finance they need.

“We know that the UK market remains highly attractive to those looking to purchase buy-to-let properties and we are committed to providing products which are competitive while also serving the needs of customers from across the globe.”