Gatehouse Bank refreshes buy-to-let range

Gatehouse Bank has launched buy-to-let products up to 80% finance-to-value and cut the rates on some other products.

The lender has launched a 2-year fixed rate buy-to-let product at 3.44% to 65% FTV for those wanting between £500,000 and £2.5m.

However those seeking between £150,000 and £500,000 have to pay more, with a rate of 3.64%.

Gatehouse has also cut the rates on 80% FTV products for UK expats and international residents, by 0.25% to 4.34% and 0.35% to 4.74%.

John Mace, product manager for home finance at Gatehouse Bank, said: “We are always trying to find ways to expand and improve our range, and the changes we have made ensures our offering is even more accessible and competitive.

“UK expats, who often find it difficult to access finance, will particularly benefit from our lower rental rates, in addition to our manual underwriting process, which means that we treat every customer on an individual basis.”

UK expat buy-to-let customers who want to borrow over £500,000 can take out a 2-year fixe rate at 3.94%, following a reduction of 3.94%.

Meanwhile international buy-to-let customers wanting the same finance amount and FTV can get a 2 or 5-year fixed rate at 4.34% and 4.54% respectively.

Gatehouse is a lender specialising in Sharia-compliant mortgages.

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