Gatehouse Bank is a pioneering UK Bank offering Shariah-compliant ethical savings, home finance, buy-to-let finance, commercial property finance and more. Fees and charges cannot be added to the finance amount. Borrowers must be 70 years old or below at the end of the mortgage term. Use our quick online calculators to find out how much housing finance we could provide and how much it will cost you, here in one easy location. For finance exceeding £1m, max FTV is 70%. *Example rate shown is a 2 year fixed rate mortgage from HSBC with an initial rate of 0.99% for 2 years; then reverts to 3.69% after intro period. Tariff of … 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. An Account Settlement Fee is also payable at the end of the finance plan or on earlier settlement. For UK residents, the two-year fix was cut to 3.29 per cent and the five-year fix to 3.89 per cent, up to 80 per cent loan to value (LTV). Fees and charges cannot be added to the finance amount. Property values might increase or decrease and might not provide adequate income to cover your finance payments and associated costs. Gatehouse Bank has cut rates across its buy-to-let mortgage range by up to 0.7%. Refinance 65%Debt consolidation is not allowed. Home Purchase products for £100,000 over a 25 year term, based on an Acquisition & Rent agreement. The Gatehouse Bank standard variable rate is currently 4.5%. Gatehouse Bank has announced rate reductions across its buy-to-let mortgage range. The arrangement fee is £995. Please note that the information provided is for illustrative purposes only and does not constitute any form of finance offer or advice. These products fall outside the scope of regulation by the Financial Conduct Authority. To find out more information or apply, simply click the ‘Apply’ button. Please note the minimum property value required is £100,000 and it must be located in England or Wales. Compare Gatehouse Bank mortgage rates against the whole mortgage market to see how much you could save? Please note the minimum property value required is £100,000 and it must be located in England or Wales. Property values might increase or decrease and might not provide adequate income to cover your finance payments and associated costs. Please see our Tariff of Charges for more details. Use our free mortgage service to compare rates from the UK's leading lenders. Remember me Forgot your password?. 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. To guarantee the exchange rate, private clients will have to pay for at least 10% of the value straight away (a margin deposit) and the balance on … Finance-to-value is the equivalent of loan-to-value on conventional mortgages. Valuation Fees and Legal Fees will also apply. The application fee is payable on completion and deducted from the finance amount. Refinance 65%Debt consolidation is not allowed, Please note the minimum property value required is £80,000 and it must be located in England or Wales, Up to 4 applicants (income considered from two highest earning applicants only), Maximum age at end of finance term 75 years or retirement age if earlier, Our SVR (Standard Variable Rate) is currently 3.85%. Compare Gatehouse Bank mortgage rates against the mortgage market to see how much you could save? Gatehouse Bank has lowered its finance-to-value limit to 65 per cent on buy-to-let and home purchase plans, while suspending loans against houses in multiple occupation, multi-unit blocks, new-builds and apartment buildings over six storeys. The rate is 1.78% fixed until the end of January 2022 and it has an arrangement fee of £495. Our SVR (Standard Variable Rate) is currently 3.85% . Our Standard Variable Rate (SVR) is currently 3.85%. 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%. The polished rate beats those of closest rivals Atom Bank, Investec Bank and … No overpayments can be made during the fixed term period. A good rate for a 60% buy-to-let mortgage that can be used to either purchase or remortgage a buy-to-let property is from Post Office Money. We offer a 'Rental Top-up' facility. The application fee is payable on completion and deducted from the finance amount. Standard Variable Rate. Financial Services Register number: 475346. A Buy-to-Let purchase plan offers you a Shariah-compliant alternative to a mainstream Buy-to-Let mortgage, with competitive rates and an ethical approach. Elsewhere, Gatehouse Bank has adjusted the rates on its full buy-to-let range. YOUR RENTAL PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR BUY TO LET PURCHASE PLAN. If you require further information, please contact us. Please try one of the other filter options. An Account Settlement Fee is also payable at the end of the finance plan or on earlier settlement. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Please contact us for more information. You could fix that exchange rate today with a small deposit, and pay for the bulk of that transaction at the completion of the forward contract. Please see our Tariff of Charges for more details. The Gatehouse Bank standard variable rate is currently 4.5%.We have access to mortgage rates from as little as 0.99%*. The overall cost for comparison is 3.43% APRC (03/11/2016). The above two deals are for international residents, both individual and corporate. 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 … Financial Services Register number: 475346. Compare Gatehouse Bank mortgage rates against the mortgage market to see how much you could save? View our award-winning products, 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. GET MORTGAGE QUOTES AND START COMPARING RATES NOW! Refinance 65%Debt consolidation is not allowed, Please note the minimum property value required is £80,000 and it must be located in England or Wales, Up to 4 applicants (income considered from two highest earning applicants only), Maximum age at end of finance term 75 years or retirement age if earlier. 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. 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). Gatehouse on the other hand can’t borrow from the Bank of England as it can’t deal in interest. International buyers see the biggest reductions, with the rate on the five-year fixed term reduced by 0.7 percentage points to 3.99 per cent. Perfect for buyers prepared to think differently. 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%). View our award-winning products. No overpayments can be made during the fixed term period. Please note the minimum property value required is £80,000 and it must be located in England or Wales. GET MORTGAGE QUOTES AND START COMPARING RATES NOW! Minimum/Maximum finance amounts and finance terms may differ between our various finance products. We have access to mortgage rates from as little as 0.99%*. Gatehouse will also now allow refinancing within six months of purchase for all buy-to-let customers, subject to an enhanced due diligence process. So a mainstream bank borrows £100,000 off the Bank of England at the base rate of 0.75% and then lends that £100,000 out to Bob at 2% and takes the difference. It's December 2018 and still not Done. Find out more. The Gatehouse Bank standard variable rate is currently 4.5%.We have access to mortgage rates from as little as 0.99%*. Why not try our Buy-to-Let Affordability calculator or contact us for more information. The rates shown are for illustrative purposes only, they should not be taken as any form of advice or recommendation. Use our free mortgage service to compare rates from the UK's leading lenders. ... Our home purchase plans, an alternative to conventional mortgages, offer you competitive rates and an ethical approach. The maximum FTV for Rent Only is 65% for Home Purchase and Refinance. Our Standard Variable Rate (SVR) is currently 3.85%. Looking to save? Our Tariff of Charges gives details of the charges payable in connection with finance applications and additional administration charges following completion. Gatehouse said our mortgage would take 6 weeks to process in March 2018. Gatehouse Bank cut rates on its buy to let (BTL) range for two- and five-year fixes. Minimum finance amount £75,000Maximum finance amount £5m. Copyright © 2018 Gatehouse Bank plc. Valuation Fees and Legal Fees will also apply. This is the first time rates have reach the threshold in a year. To find out more information or apply, simply click the ‘Apply’ button. This Buy-to-Let product has an additional margin that charges 1% over our Standard Variable Rate (SVR). 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