Gatehouse shares a summary of the positive changes they have made!
Buy-to-Let product changes:
- All BTL products (UK residents, UK Expat and International residents) reduced by 0.65%
- Max finance increased to £5m (80% FTV to £2m, 75% to £3m and 70% above £3m). FTVs for HMOs and MUFBs will be 75% to £3m and 70% above £3m
- UK BTL 2-year rates from 6.14% and 5-year fixed from 6.50%
- UK Expat and International resident fixed rates from 6.50%
Home Purchase Plan product changes:
- All HPP products (UK resident, UK Expat, International residents) reduced by between 0.65% and 1.00%
- Max finance up to 80% FTV has been increased to £5m (80% FTV to £2m, 75% to £3m and 70% above £3m)
- 95% FTV HPP finance with a max finance of £500k available to all UK applicants, including First Time Buyers (FTBs) and home movers
- 90% FTV is being increased to £600k (from £500k)
- UK HPP 2-year fixed rates from 5.89% and 5-year fixed from 5.85%
- UK Expat and International resident fixed rental rates from 6.29%
Our full range of products can be found here.
Registration – if they haven’t already, please ask your brokers to register with us via our website at: https://www.gatehousebank.com/intermediaries
TL cases – once registered, they can advise on and key BTL cases directly on to our online portal.
Home Purchase Plan (HPP) cases – for owner/occupier residential HPP cases, there is a specific Home Purchase Plan FCA permission required. They can introduce these cases to us via our website and we will pay an introduction proc fee upon completion.