Gatehouse Bank has introduced limited edition Home Purchase Plan and buy-to-let products for UK residents while reducing selected buy-to-let rates for expats and international customers.
Gatehouse Bank has launched a range of limited edition 2-year and 5-year Home Purchase Plan (HPP) and buy-to-let products for new UK resident customers, alongside rate reductions on selected 2-year buy-to-let products for UK expats and international residents.
The new rental rates apply across all finance-to-value bands on both standard and green home finance products. For new UK resident customers, Home Purchase Plan rates have been reduced by up to 0.66%, with products now starting from 5.58% for a 2-year fixed term and 5.53% for a 5-year fixed term. Buy-to-let products now start from 3.63% for a 2-year fixed term and 4.79% for a 5-year fixed term.
The Bank has also reduced selected 2-year fixed rate buy-to-let products for UK expats and international residents by up to 0.14%. Its green home finance range offers lower rental rates for properties with an EPC rating of A or B and includes a commitment to offset the carbon emissions generated by the average UK property during the initial fixed term.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We are continuously assessing our pricing to ensure that our customers receive the best rate possible when they choose us as their home finance provider and today’s rate reductions reflect this.
“We hope that our new pricing will help even more homebuyers and prospective landlords to take their next step on the property ladder.”