Gatehouse Bank has reduced rental rates by 0.29% across its 2-year fixed term buy-to-let (BTL) products for UK expats and international residents.
The changes apply across the bank’s 2-year fixed BTL range for overseas customers, including products for green home finance, Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).
The lender continues to accept applications from both individual borrowers and UK-registered SPV limited companies.
Following the repricing, rental rates now start from 4.91% for UK expats and 4.92% for international residents.
The bank’s green home finance range offers a further 0.10% reduction for properties with an EPC rating of A or B.
In addition, Gatehouse Bank will offset the carbon emissions generated by the average UK property during the initial fixed term, in line with its product criteria.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “While the home finance market is navigating a particularly volatile time, we are regularly reviewing rates to ensure they are competitive within our niche sector and that customers are still able to access the property finance they need.
“The UK market continues to be a highly attractive investment option for those residing overseas and we welcome the opportunity to support even more overseas residents as they enter or continue to expand their portfolio within the buy-to-let market.”