Gatehouse Bank has today announced a rental rate reduction of 0.12% on its two-year fixed rate buy-to-let purchase plans 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.

Changes apply on standard and green two-year products, including those for 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.

Gemma Donnelly, head of customer propositions at Gatehouse Bank, commented: “We remain committed to helping our customers achieve their goals and have introduced today’s changes with this in mind, aiming to support even more people seeking Shariah-compliant finance to purchase property in England or Wales.”