"We are pleased to be able to now support homebuyers and landlords looking to refinance properties across our entire range of home finance products."
- Gemma Donnelly, head of customer propositions at Gatehouse Bank
Gatehouse Bank has reinstated refinancing for buy-to-let applications from UK residents, UK expats and international residents as well as for residential Home Purchase Plan (HPP) products for international residents.
The Bank will now accept refinance applications on all buy-to-let and HPP products, with a finance-to-value (FTV) of up to 80%, including its green home finance products.
Under its green home finance proposition, Gatehouse offers a reduced rate for customers acquiring or refinancing a property with an EPC rating of A or B and offsets the carbon emissions generated by the average UK property for the product’s initial fixed term.
A Home Purchase Plan is a Shariah-compliant alternative to a mortgage. As a Shariah-compliant bank, Gatehouse charges rental rates rather than interest rates, which reflect the share the customer owns of the property.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, said: “We are pleased to be able to now support homebuyers and landlords looking to refinance properties across our entire range of home finance products.
“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.”
