Gatehouse Bank reduces residential and buy-to-let rates

Gatehouse Bank has announced a 0.10% rate reduction on selected residential and buy-to-let products for UK residents. 

The changes apply on two and five-year fixed-term home purchase plans at 65% and 80% FTV and on two and five-year buy-to-let 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 HMOs or multi-unit freehold blocks (MUFBs).

Following today’s reprice, two-year home finance rates start from 5.99% at 65% FTV and 6.09% at 80% FTV, with five-year rates available from 5.95% and 6.05% respectively.

Buy-to-let rates now start from 3.74% fixed for two years and 5.20% fixed for five-years at 65% FTV, with rates for HMOs and MUFBs reducing to 3.89% fixed for two years and 5.34% fixed for five years.

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.”