It’s available for its range of BTL and Shariah-compliant home purchase plans
Gatehouse Bank has resumed offering refinancing on buy-to-let and Home Purchase Plan (HPP) products for UK residents, UK expatriates, and international residents.
The move reopens refinance applications across the Shariah-compliant bank’s full range of buy-to-let and HPP products, with a finance-to-value (FTV) ratio of up to 80%. This includes the bank’s Green Home Finance products, which offer incentives for properties with high energy efficiency.
Through its Green Home Finance initiative, Gatehouse Bank provides a reduced rental rate for customers acquiring or refinancing properties with an energy performance certificate (EPC) rating of ‘A’ or ‘B’. Additionally, the bank offsets the carbon emissions associated with the average UK property during the initial fixed term of the product.
We’ve reinstated refinancing for Buy-to-Let applications from UK Residents, UK Expats and International Residents and for Home Purchase Plan (HPP) products for International Residents.
— Gatehouse Bank (@gatehousebank) November 7, 2024
Read more: https://t.co/2zHjPnbEyq#GatehouseBank #HomeFinance #BuyToLet pic.twitter.com/j4Qql3v5id
“We are pleased to be able to now support homebuyers and landlords looking to refinance properties across our entire range of home finance products,” said Gemma Donnelly (pictured), head of customer propositions at Gatehouse Bank.
“Ultimately, this means that Gatehouse Bank can help more customers seeking Shariah-compliant home finance for properties in England and Wales, whether they are based in the UK or overseas.”
Gatehouse Bank’s Home Purchase Plan is a Shariah-compliant alternative to a mortgage, where customers pay rental rates instead of interest, reflecting the share they own in the property. The bank’s full range of HPP and buy-to-let products is available for review on its website.
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