Gatehouse Bank has announced that it has reduced its rental rates across selected home purchase plans and buy-to-let products.
These reductions, aimed at new and existing customers who are UK residents, will cover selected standard and green two-year and five-year fixed-term products for individual applicants as well as UK-registered SPV Limited Companies.
For UK Residents seeking HPP products, rental rates will be reduced by 0.25% on two-year and five-year fixed-term products up to a maximum finance-to-value of 80%. For UK Residents and UK-registered SPV Limited Companies seeking BTL products, rental rates will be reduced by 0.10% on two-year fixed-term products and 0.20% on five-year fixed-term products up to a maximum FTV of 80%.
“We are constantly reviewing our home finance products to ensure they best suit the needs of our customers and are competitive within the market, " explained Gemma Donnelly, Head of Customer Propositions, “Today’s changes will benefit both new and existing UK customers, ultimately helping more people to achieve their homeownership goals.”
