Gatehouse Bank has reintroduced refinancing options for buy-to-let and Home Purchase Plan applications, including for international residents.
- The refinancing service extends to UK residents, expats, and international applicants, offering flexibility and inclusivity.
- Properties with top Energy Performance Certificate ratings are eligible for beneficial rates under the Green Home Finance initiative.
- Gemma Donnelly highlights the expansion’s alignment with supporting Shariah-compliant financial services in England and Wales.
- The initiative marks a significant development in the buy-to-let sector, with a maximum finance-to-value of up to 80%.
In a forward-thinking move, Gatehouse Bank has reintroduced its refinancing options for buy-to-let applications, expanding its market reach. This decision includes offering services to not only UK residents but also expats and international residents, reflecting the bank’s inclusive approach. The reinstatement is particularly significant for landlords and homebuyers seeking beneficial refinancing solutions.
Gatehouse’s refinancing options encompass both buy-to-let and Home Purchase Plan products, addressing the needs of a broad clientele. With a finance-to-value ratio of up to 80%, the products are designed to offer competitive refinancing pathways for those investing in property. This strategy aims to support diverse financial needs, catering to a wide demographic base.
Integral to this initiative is the introduction of the Green Home Finance products, which incentivise energy-efficient property investments. Properties boasting an Energy Performance Certificate rating of A or B qualify for a reduced rental rate, underscoring the bank’s commitment to sustainable finance. This environmentally conscious approach not only supports the green finance movement but also addresses the demand for eco-friendly housing solutions.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, expressed satisfaction with the bank’s expanded services. “We are pleased to be able to now support homebuyers and landlords looking to refinance properties across our entire range of home finance products,” she commented. Her remarks highlight the alignment of this expansion with the bank’s mission to provide Shariah-compliant home finance options, regardless of the customer’s geographic location.
The reintroduction of refinancing options by Gatehouse Bank is a noteworthy advancement in the buy-to-let market, reflecting a dynamic change in the sector’s landscape. By offering up to 80% finance-to-value, the bank positions itself as a competitive player, capable of attracting a growing number of investors seeking Shariah-compliant financial solutions.
This expansion of refinancing options by Gatehouse Bank signifies a crucial development in the property finance sector, promoting inclusivity and sustainability.
