Gatehouse Bank reduces BTL rates

Jessica Nangle

September 25, 2019

Gatehouse Bank has reduced rates across its range of buy-to-let (BTL) products.

For UK residents, the 2 and 5-year fixed rate BTL products have been reduced to 3.29% and 3.89% respectively.

For international residents, the 2-year fixed rate is now 4.14% and 5-year fixed has been reduced to 4.69%.

The 2 and 5-year fixes for UK expats are now available at 3.89% and 4.45% respectively.

The products for UK residents offer up to 80% finance-to-value (FTV), whilst for UK expats products are available up to 75% FTV.

Paul Stockwell, chief commercial officer of Gatehouse Bank, said: “We have seen strong appetite for our BTL products and delighted to now further reduce rates across our range.

“We take a human approach to our applications process, meaning a computer does not have the final say on whether we approve someone for a BTL product or not.

“This has proved to be particularly attractive to the UK Expat community who are very much underserved by the wider market and can take advantage of our flexibility to secure the finance they deserve.”


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