Gatehouse slashes rental rates for UK expats and international residents
By Tara SammonsGatehouse Bank has cut rental rates by up to 0.27% across its BTL purchase plans for UK expats and international residents.
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The changes have been applied on standard and green two- and five-year fixed-term products, with two-year fixed-term products seeing a rental rate reduction of 0.26% and five-year fixed-term products dropping by 0.27%.
The reduced rental rates are also available for customers seeking finance for HMOs and MUFBs.
As a Shariah-compliant bank, Gatehouse charges rental rates rather than interest rates, which reflect the share the customer owns of the property.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, commented: “Today’s changes have been implemented to support even more people residing overseas to achieve their investment goals and ensure our purchase plans remain competitive within the home finance market.”
Keywords: BTL purchase plans, Gatehouse Bank, rental rate reduction, UK expats, international residents, Shariah-compliant finance, two-year fixed term, five-year fixed term, SPV Limited Companies, HMO finance, MUFB finance, property investment