Gatehouse Bank has reintroduced refinancing options for all buy-to-let applications, catering to both UK residents and international clients.
- The move includes refinancing for Home Purchase Plan (HPP) products, with a finance-to-value ratio reaching up to 80%.
- The bank’s Green Home Finance initiative offers incentives for properties with high energy performance ratings.
- Gemma Donnelly highlights the bank’s commitment to supporting Shariah-compliant home finance solutions.
- This development is set to benefit landlords and homebuyers seeking tailored refinancing options.
Gatehouse Bank has made significant strides in the mortgage sector by reinstating refinancing options for buy-to-let properties. This initiative is not limited to domestic clients but also extends to expatriates and international residents. By including the Home Purchase Plan (HPP) products, the bank aims to provide a comprehensive package for its diverse clientele.
The financial parameters of these offerings are particularly attractive, with the bank allowing a finance-to-value (FTV) ratio of up to 80%. This high FTV ratio signifies the bank’s confidence and flexibility in serving both local and international markets. Notably, this offering also encompasses the Green Home Finance products, which are designed to incentivise the acquisition or refinancing of energy-efficient homes.
With the Green Home Finance proposition, Gatehouse Bank promotes environmental responsibility by offering reduced rental rates for homes that meet high energy performance standards, specifically those with an Energy Performance Certificate (EPC) rating of A or B. Additionally, the bank takes an innovative step by offsetting the carbon emissions typically generated by properties during the fixed term of the product, thereby supporting sustainable living.
Gemma Donnelly, the head of customer propositions at Gatehouse Bank, underlined the bank’s commitment to broadening access to Shariah-compliant home finance. She stated, ‘We are pleased to be able to now support homebuyers and landlords looking to refinance properties across our entire range of home finance products.’ This initiative is geared towards accommodating clients both within the UK and internationally, facilitating a wider reach for the bank’s financial solutions.
The reinstatement of refinancing options by Gatehouse Bank underscores its dedication to providing flexible, inclusive financial products for a global clientele.
