Gatehouse Bank has relaunched its refinancing options for buy-to-let applications, catering to both UK and international residents. This move covers buy-to-let and Home Purchase Plan products, now including Green Home Finance. The initiative supports properties up to 80% finance-to-value. It’s a boost for Shariah-compliant home finance seekers.
- After a hiatus, Gatehouse Bank is once again accepting refinancing applications for buy-to-let properties from a diverse client base.
- The reintroduction includes Home Purchase Plan products, enhancing financial options for international residents.
- Green Home Finance products, offering reduced rates and carbon offsetting, are now part of the refinancing suite.
- The bank aims to broaden its support for customers in England and Wales, focusing on Shariah-compliant financial solutions.
Gatehouse Bank has resumed its refinancing services for buy-to-let applications, which are now accessible to residents within the UK, expatriates, and international investors. This reintroduction marks a significant development for the market, offering a broader range of financial solutions tailored to a diverse clientele.
As part of their enhanced offerings, Gatehouse Bank now accepts refinance applications on Home Purchase Plan (HPP) products, specifically benefiting international residents. This extension provides added flexibility and choice for those investing in UK properties, aligning with global financial trends and demands.
The bank’s Green Home Finance products are also included in this refinancing initiative. These particular options feature a reduced rental rate for properties that possess an Energy Performance Certificate (EPC) rating of A or B. Additionally, the carbon emissions produced by the average property are offset for the product’s initial fixed term, reflecting a forward-thinking approach to sustainable finance.
With a finance-to-value (FTV) threshold of up to 80%, including these environmentally conscious products, Gatehouse Bank extends its offerings to accommodate a wide range of financial needs and preferences. This includes supporting clients in generating more eco-friendly investment portfolios, which is becoming increasingly important in today’s market.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, expressed satisfaction in supporting homebuyers and landlords with refinance services across their home finance products. Her remarks underscore the bank’s commitment to aiding buyers seeking Shariah-compliant home finance, both domestically and internationally.
This strategic reintroduction by Gatehouse Bank enhances financing options for a varied demographic, promoting both sustainability and Shariah-compliance.
