Gatehouse Bank Reduces Buy-to-Let Rental Rates for Overseas Investors

Gatehouse Bank, a Shariah-compliant UK bank, has announced a reduction in its rental rates across its two-year fixed-term Buy-to-Let (BTL) Purchase Plans for UK Expats and International Residents. This move aims to make Shariah-compliant property finance more accessible for overseas investors.

The rental rate reduction is 0.12% and applies to both standard and green two-year fixed products. These changes also extend to more complex investment scenarios, including finance for Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).

Key Benefits

Gatehouse Bank accepts applications from individuals as well as UK-registered Special Purpose Vehicle (SPV) Limited Companies, offering flexibility for various ownership structures. As a Shariah-compliant institution, Gatehouse Bank charges rental rates, rather than interest, which reflect the customer's share of ownership in the property.

Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, commented: "We remain committed to helping our customers achieve their goals and have introduced today's changes with this in mind, aiming to support even more people seeking Shariah-compliant finance to purchase property in England or Wales."

Eligibility Criteria

This repricing decision follows a period of relative stability in the buy-to-let market and is expected to boost demand among international investors who seek UK property finance aligned with religious or ethical values. The updated pricing also applies to the bank's green range, which offers incentives for customers purchasing energy-efficient properties.

Application Process