Gatehouse Bank Reduces Rates on Buy-to-Let Product Range

United Kingdom (UK)-based, Gatehouse Bank has lowered rates on their entire buy-to-let product range, including multi-unit freehold blocks (MUFBs) and house-in-multiple occupations (HMOs), for all buyers within or outside the UK, individuals or corporations.

The new rates for UK residents are as follows: two-year fixed term at 3.49% (reduced by 0.25%) for 65% Finance to Value (FTV), and 3.69% for 80% FTV; five-year fixed rate buy-to-let products at 3.85% for 65% FTV (reduced by 0.35%), and at 4.05% (reduced by 0.34%) for 80% FTV. (FTV is the Shariah-compliant equivalent of LTV). These rates apply similarly to UK corporations, with reduction of 0.51% for two-year fixed rates and 0.60% for five-year products.

Reductions applied to the UK expats are most noteworthy, wher...