Gatehouse Bank has reduced rental rates on its 2-year fixed buy-to-let products for UK expats and international residents.
The lender has cut rates by 0.29% across its overseas buy-to-let range, including products for houses in multiple occupation and multi-unit freehold blocks.
The changes also apply to its green home finance range, with applications accepted from both individual borrowers and UK-registered special purpose vehicle limited companies.
Following the repricing, rental rates now start from 4.91% for UK expats and 4.92% for international residents.
GREEN RANGE BENEFITS
The bank said customers purchasing or refinancing properties with an EPC rating of A or B will continue to benefit from a 0.10% reduction on rental rates through its green range.
It will also offset the carbon emissions generated by the average UK property during the initial fixed term, in line with product criteria.
Gemma Donnelly (main picture, inset), head of customer propositions at Gatehouse Bank, said: “While the home finance market is navigating a particularly volatile time, we are regularly reviewing rates to ensure they are competitive within our niche sector and that customers are still able to access the property finance they need.
“The UK market continues to be a highly attractive investment option for those residing overseas and we welcome the opportunity to support even more overseas residents as they enter or continue to expand their portfolio within the buy-to-let market.”