Gatehouse Bank has cut rates across its buy-to-let mortgage range. Property values might increase or decrease and might not provide adequate income to cover your finance payments and associated costs. Min … Our Tariff of Charges gives details of the charges payable in connection with finance applications and additional administration charges following completion. We offer a full advice service and do not charge a fee for advice given. An Account Settlement Fee is also payable at the end of the finance plan or on earlier settlement. The Shariah-compliant lender has raised its maximum age at … These products fall outside the scope of regulation by the Financial Conduct Authority. You can use it just like a conventional mortgage to buy or refinance your property.With a Buy-to-Let purchase plan you buy the property jointly with us - your deposit is your stake, and we fund the rest. With a home purchase plan you buy the property jointly with us - your deposit is your stake, and we fund the rest. About Gatehouse Bank. Gatehouse Bank has announced a series of rate reductions to products within its buy-to-let range by up to 0.46 per cent. Sutherland Mortgage Services has announced Gatehouse Bank as its first UK client. Buy-to-Let Affordability Our calculator covers Buy-to-Let (BTL) and Multi-Unit Freehold Blocks (MUFB). 1. Our full product range available is listed below … Our proposal is simple enough. Applications for BTL portfolios are welcome provided applicants own their home and have existing BTL finance in place. 1 products available to compare. This includes reducing its minimum valuation for houses of multiple occupations and multi-unit freehold blocks in the UK from £75,000 to £55,000. Stay clear if looking for a buy-to-let mortgage As is mentioned by a previous review, i found the whole process with Gatehouse Bank to be lengthy, frustrating and ultimately a waste of time and effort which could have been better served elsewhere. Start or grow your portfolio with a Gatehouse Buy-to-Let purchase plan Whether you’re buying your first Buy-to-Let property, expanding your portfolio or wish to refinance your existing properties, we’re here to help you. For UK residents, the 2-year fixed term and 5-year fixed term buy-to-let products have been cut by 0.10% to 3.19% and 0.24% to 3.65% respectively. This is where your personal income may also be taken into consideration when assessing affordability for Buy-to-Let finance. These products fall outside the scope of regulation by the Financial Conduct Authority. Gatehouse Bank provides buy to let mortgages, commercial property mortgages and property development finance to UK based small to large sized businesses that meet their criteria. Gatehouse Bank has cut rates across its buy-to-let mortgage range by up to 0.7%. Buy-to-let products for expats and international residents have also been amended, with the maximum finance-to-value increasing from 75% to 80%, to bring it in line with products for UK residents. Please contact us for more information. To find out more information or apply, simply click the ‘Apply’ button. It has reduced the minimum valuation requirement for HMOs and multi-unit freehold blocks from £75,000 to £55,000 for UK BTL Gatehouse Bank has announced the extension of its buy-to-let mortgage products to first-time buyers and first-time landlords. You can also find your local BDM to discuss any cases. It is a part of the FSCS scheme so your money is protected. Mortgages Gatehouse Bank extends maximum buy-to-let age to 99. Paul Stockwell, Chief Commercial Officer at Gatehouse Bank, comments on November’s ONS UK House Price Index data, Gatehouse Bank Named UK’S Best Islamic Bank, Gatehouse Bank Bucks Market Trend With Savings Rate Increase, Gatehouse introduces paper saving measures, Gatehouse joins global banking community to celebrate first anniversary of signing the UN Principles for Responsible Banking, The UK Build to Rent sector owes much of its resilience during pandemic to how it operates, Earning at least £18,000, or £20,000 for portfolios & £25,000 for HMOs/MUFBs (UK residents) / £25,000 (Expat/International residents), Available to first time landlords and first time buyers, Applications for HMOs/MUFBs are welcome provided applicants own their home, have existing BTL finance in place and have at least 2 years letting experience. The Bank has also widened its eligibility criteria for both buy-to-let and Home Purchase Plan customers. You can use it just like a conventional mortgage to buy or refinance your Buy-to-Let property. Buy to let mortgage packages for investors. Gatehouse estates Property Management currently let, and re-let in the region of 340 properties a year. Why not try our Buy-to-Let Affordability calculator or contact us for more information. Once all your payments are made, you’ve bought us out, and the deed of the property transfers to you. There is a two-year fixed rate product available to UK residents at 3.19%, down from 3.29%, while the five-year fixed term buy-to-let product has been reduced by 0.24% to 3.65%. We have a team of experienced and qualified advisers on hand to help you every step of the way. You can use it just like a conventional mortgage to buy or refinance your home. Gatehouse Bank is opening up its range of buy-to-let (BTL) products to first-time buyers as well as first-time landlords. No overpayments can be made during the fixed term period. Gatehouse Bank has relaxed its age criteria for Buy to Let mortgages increasing the maximum age at the end of the term, from 85 to 99 years. The cuts include the 75 per cent FTV five-year fix reduced from 4.69 per cent to 3.99 per cent, and the 75 per cent FTV from 4.14 per cent to 3.90 per cent. Looking to save? With a Buy-to-Let purchase plan you buy the property jointly with us - your deposit is your stake, and we fund the rest. Our online Buy-to-Let Affordability Calculator covers Buy-to-Let (BTL), Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB). Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Gatehouse Bank has rolled out changes to its buy-to-let mortgage range to widen its eligibility criteria. Work out the minimum monthly amount of rent required and/or the maximum finance amount we are likely to consider to purchase the property. The 80 per cent FTV two-year fix has been reduced from 3.75 per cent to 3.29 per cent, and the 80 per cent FTV five-year fix from 4.29 per cent to 3.89 per cent. Wherever you live, you can apply for Buy-to-Let finance if you meet these criteria: To help answer all your questions, we have a comprehensive FAQ section. We offer a 'Rental Top-up' facility. The principal factor is the amount of cash you have available. The third-party servicer will handle the London bank’s buy-to-let finances on a five-year contract. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Gatehouse Estates have negotiated special income multiple arrangements for forces personnel, subject to the usual status requirements. We’d love to hear from you - find out the different ways to get in touch. Looking to save? Murabaha . Please try one of the other filter options. Virgin Money, Skipton International and Gatehouse Bank have all made changes to the criteria on buy to let offers. Should you need to contact Gatehouse Bank, please call 08000 356 544 where one of the team will be happy to help. £2,000,000. Cash, Capital and Interest mortgage, or interest only loan? In addition, please view our Buy-to … Gatehouse Bank now accepts first-time landlords and first-time buyers on all of its buy-to-let mortgages and has broadened its eligibility criteria for both buy-to-let and home purchase plans. Our calculator covers Buy-to-Let (BTL), Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB). Copyright © 2018 Gatehouse Bank plc. Fees and charges cannot be added to the finance amount. Both deals are for UK residents and Financial Services Register number: 475346. The application fee is payable on completion and deducted from the finance amount. The maximum age increase also applies to Houses in Multiple Occupations and Multi Unit Freehold Blocks. Find out how much your monthly payments could be. Property values might increase or decrease and might not provide adequate income to cover your finance payments and associated costs. Gatehouse Bank has sold its Thistle Build to Rent property portfolio to Goldman Sachs Merchant Banking Division and Pitmore for circa £150m. Buy-to-Let finance calculators Our online Buy-to-Let calculators are designed to give you a quick understanding of how much finance we may provide, how much it will cost you each month and let you work out the gross and net yields for a single property or your entire portfolio. It allows you to enter the total amount of finance your client requires to work out the minimum monthly amount of rent required from the property. Max Loan. This Buy-to-Let product has an additional margin that charges 1% over our Standard Variable Rate (SVR). In addition non-UK residents must also have at least 2 years letting experience. For finance exceeding £1m, max FTV is 70%. The Gatehouse Bank standard variable rate is currently 4.5%.We have access to mortgage rates from as little as 0.99%*. The most significant reduction is a 0.70% rate cut to its 5-year fixed term for international residents, which now costs 3.99%. Gatehouse Bank has broadened its eligibility criteria for both buy-to-let and home purchase mortgages in a bid to lure first-time buyers looking to invest in property. Once all your payments are made, you’ve bought us out, and the deed of the property transfers to you. Find out what your gross and net rental yield could be on any single property or your entire portfolio. Please note the minimum property value required is £100,000 and it must be located in England or Wales. You can sell any time, and there are no early payment charges. Gatehouse launches new mortgage alternative Under the new offer from Gatehouse Bank, homebuyers can now apply for a five-year fixed-rate deal, with an initial rate of 2.99% (reverting to an SVR of 4.5%). Copyright © 2018 Gatehouse Bank plc. View our award-winning products, Tariff of Charges – Buy-to-Let Purchase Plan. Additionally, buy-to-let products for expats and international residents have been amended. Please see our Tariff of Charges for more details. Maximum age at end of finance term 99 years (for cases where there is reliance on income to support the affordability, the maximum age is 85). YOUR RENTAL PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR BUY TO LET PURCHASE PLAN. Gatehouse Estates have over 20 year’s experience in the UK property sales market, and have been letting properties for over 15 years. From financing your home to looking after your savings, we're proud to take a balanced, Shariah-compliant approach. find out the different ways to get in touch. This kind of mortgage is often used in commercial property finance structures by the Islamic banks (Al Rayan, Gatehouse, Al Ahli United, BLME etc) including buy-to-let mortgages as well. By Jake Carter 8th January 2020 9:44 am Gatehouse Bank has announced rate reductions across its buy-to-let mortgage range. Commercial Mortgages. Commercial Mortgages. Minimum finance amount £75,000Maximum finance amount £5m. We also have some handy calculators you might find useful, along with details of all our products. Changes implemented by the bank include cutting its minimum valuation for houses of multiple occupations and multi-unit freehold blocks in the UK from £75,000 to £55,000. A Buy-to-Let purchase plan is a Shariah compliant mortgage alternative. The bank has also widened its eligibility criteria for both BTL and home purchase plan (HPP) customers. Gatehouse Bank offers a product range which includes Home Purchase Plans (HPPs), buy-to-let and commercial property finance. You can use it just like a conventional mortgage to buy or refinance your property. 2. We are currently offering a combination of buy-to-let packages. View our award-winning products. Gatehouse Bank. At the end of the mortgage, you either buy the bank’s portion in full, or you sell the house to raise the money to pay the bank back. Financial Services Register number: 475346. Valuation Fees and Legal Fees will also apply. This depends on a number of factors. The bank has also made a number of amendments to its wider criteria. Compare Gatehouse Bank mortgage rates against the mortgage market to see how much you could save? Gatehouse will also now allow refinancing within six months of purchase for all buy-to-let customers, subject to an enhanced due diligence process. But what does that mean? GET MORTGAGE QUOTES AND START COMPARING RATES NOW! This product falls outside the scope of regulation by the Financial Conduct Authority. The 99 year age only applies to borrowers relying solely on rental income to stress test for affordability. This means that you can place a smaller deposit on your buy-to-let property if you wish. From your first enquiry to your first tenants, our Buy-to-Let purchase plans work in a similar way to a conventional mortgage. Commercial Mortgages. Once all your payments are made, you’ve bought us out, and the deed of the property transfers to you. YOUR RENTAL PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR BUY TO LET PURCHASE PLAN. You’ll need to have at least 20% of the amount you borrow (an 80% finance-to-value ratio), and repay over a term of up to 35 years. 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