Gatehouse launches green Shariah-compliant resi and BTL range

Gatehouse Bank has launched a range of green home loan products for homeowners and landlords.

The Shariah-compliant lender says customers will receive a cut of 10 basis points on rental rates when acquiring or refinancing properties with an A or B energy performance certificate rating.

It will also offset the carbon impact of properties during the initial fixed-term period of the loan.

The lender further adds that will continue to offset the carbon footprint of properties for however long the customer remains with the firm, subject to their property meeting the required EPC rating of any green products chosen at that time.

The bank has created green versions of its standard buy-to-let and home purchase plan ranges for UK residents, which including finance for houses in multiple occupation and multi-unit freehold blocks. It adds this range supplements its existing woodland saver products.

Gatehouse Bank product manager John Mace says: “The launch of our green home finance proposition is a natural progression for the bank and follows the launch in 2021 of our woodland saver accounts, that support UK woodland growth.

Green home finance products have become increasingly popular as homeowners and landlords alike look to reduce the environmental impact of their properties, and we are delighted to be able to introduce our own offering to this growing market.

On top of the rental discount for the most energy-efficient homes, we’ll offset the property’s carbon footprint for the entire fixed term of the product, helping our customers to further reduce their carbon footprint.”

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