Gatehouse Bank

Gatehouse Bank launches green BTL products

Gatehouse Bank has launched a new green BTL range for UK landlords.

The new product suite offers loans between £75,000 and £500,000 for acquiring or refinancing properties with a valid EPC rating of A or B.

For standard BTL properties, the two-year fixed-rate options are priced at 3.49% at 65% FTV and 3.69% at 80% FTV, while the five-year fixes are priced at 3.85% at 65% FTV and 3.89% at 80% FTV.

For HMOs and MUFBs, the Sharia-compliant bank offers two-year fixes at 3.75% (65% FTV) and 3.89% (75% FTV), and five-year fixes at 3.89% (65% FTV) and 4.14% (75% FTV).

In addition, the bank will offset the carbon impact of the property during the initial fixed term period of the product.

It will also continue to offset the carbon footprint of the property for however long a customer remains with the bank, subject to their property meeting the required EPC rating of any green products chosen at that time.

John Mace, product manager at Gatehouse Bank, said: “We are committed to supporting customers that are looking to reduce their impact on the environment through our products. 

“The launch of our green home finance proposition is a natural progression for the bank and follows the launch in 2021 of our Woodland Saver accounts that support UK woodland growth.  

“Green home finance products have become increasingly popular as homeowners and landlords alike look to reduce the environmental impact of their properties, and we are delighted to be able to introduce our own offering to this growing market.”

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