CashNews.co
Gatehouse Bank has expanded its refinancing options, offering more flexibility for various clientele.
- UK residents, expats, and international residents can now access refinancing for buy-to-let and residential properties.
- The bank has introduced refinancing for Home Purchase Plan products for international customers.
- Green home finance products are included, with benefits for energy-efficient homes.
- The initiative supports Shariah-compliant financing, catering to diverse financial needs.
Gatehouse Bank has widened its refinancing offerings, presenting greater flexibility for homebuyers and landlords seeking to manage their property investments. This move is poised to benefit UK residents, expats, and international residents alike, by providing refinancing solutions for both buy-to-let and residential properties.
In a notable development, Gatehouse has introduced refinancing for its Home Purchase Plan products specifically aimed at international customers. This aligns with the bank’s commitment to cater to a wider audience with diverse financial requirements.
The bank’s portfolio also now includes green home finance products, encouraging environmentally sustainable practices. Customers who opt for properties with an Energy Performance Certificate (EPC) rating of A or B can enjoy reduced rates. Moreover, Gatehouse commits to offsetting the carbon emissions generated by the average UK property during the product’s initial fixed term.
Gatehouse Bank holds a unique position as a Shariah-compliant institution, offering customers financing alternatives where rental rates are applied instead of interest rates. This reflects the proportion of the property’s equity held by the client. Such offerings underline the bank’s dedication to addressing various preferences and needs within the financial sector, particularly in the regions of England and Wales.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, expressed her satisfaction with the bank’s latest initiative, stating, “We are pleased to be able to now support homebuyers and landlords looking to refinance properties across our entire range of home finance products.” This statement reinforces the bank’s mission to extend Shariah-compliant financial solutions to a broader customer base, whether they are situated within the UK or overseas.
Gatehouse Bank’s expanded refinancing options mark a significant step in offering inclusive and sustainable financial solutions.