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Gatehouse cuts buy-to-let rates

international rentals

Gatehouse Bank has cut rates across its buy-to-let mortgage range.

The most significant reduction is a 0.70% rate cut to its 5-year fixed term for international residents, which now costs 3.99%.

For UK residents, the 2-year fixed term and 5-year fixed term buy-to-let products have been cut by 0.10% to 3.19% and 0.24% to 3.65% respectively.

Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “Last year we made our Buy-to-Let products more accessible by cutting rental rates and improving our eligibility criteria, and we are delighted to follow this up by further reducing our rental rates across the board.

“Our products have proved particularly popular with UK Expats, who benefit from our manual underwriting process and the flexibility this offers.

“We will continue to review our product offering and remain totally committed to taking the time to fully understand each customers individual circumstances to make informed financing decisions.”

For UK Expats, the 2-year fixed term is now 3.75%, down by 0.14%, and the 5-year fixed term is 3.99%, down by 0.46%.

Similar reductions are available for those UK expats and international residents investing in HMO and MUFB products, which are available up to 75% finance to value.

Products for UK residents are available up to 80% FTV.