Gatehouse Bank has introduced a range of limited-edition Home Purchase Plan and buy-to-let products for new UK resident customers, alongside rate reductions on selected products for expat and international landlords.
The lender has launched new two-year and five-year fixed term Home Purchase Plan (HPP) and buy-to-let products, available to new customers living in the UK.
The new pricing applies across all Finance-to-Value bands and is available on both standard and green home finance products.
For UK resident customers, Home Purchase Plan rates now start from 5.58% on a two-year fixed term and 5.53% on a five-year fixed term. Buy-to-let rates start from 3.63% for a two-year fixed term and 4.79% for a five-year fixed term.
According to the bank, rates for new UK resident customers have been reduced by up to 0.66% on Home Purchase Plans and by up to 0.51% on buy-to-let products.
Gatehouse has also reduced rates by up to 0.14% on selected two-year fixed term buy-to-let products for UK expats and international residents.
The lender said its green home finance range continues to offer reduced rental rates for customers purchasing or refinancing properties with an EPC rating of A or B. It also offsets the carbon emissions generated by the average UK property during the product’s initial fixed term.
Gemma Donnelly (pictured), 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.”