Gatehouse Bank has announced a series of product and criteria changes on its range of buy-to-let (BTL) purchase plans for UK residents, UK expats and international residents. The firm has launched new reduced two and five-year fixed term BTL products, for those seeking a minimum finance amount of £500,000. An equivalent green home finance option has also been introduced, where customers acquiring or refinancing a property with an EPC rating of A or B qualify for a 0.10% reduction on the standard rental rate.
Precise, part of the OSB Group, has introduced new limited edition products which include rate reductions to help brokers support customers with greater choice and flexibility around affordability challenges. The firm’s residential rates now start from 5.79% with no product fee, helping customers looking to purchase ahead of the stamp duty changes coming into effect in April 2025.
Newcastle for Intermediaries has announced a new range of products to provide brokers with additional options for clients looking to increase their house buying purchasing power. The lender’s “affordability boost” range is available through selected products and offers brokers and their clients enhanced affordability by assessing borrowers more favourably than standard residential five year fixed-rate criteria.
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