Gatehouse Bank has added new products to its home finance range.
The new products consist of a 65 per cent finance to value two-year fix at 3.49 per cent and an 80 per cent FTV two-year offer at 3.69 per cent. Both products are for UK residents only and include an application fee of £499.
In addition, the bank has introduced two products for UK expats and international residents.
The new offerings are a 65 per cent FTV two-year fix at 3.69 per cent and a 75 per cent FTV two-year fix product at 3.89 per cent. Both offers have an application fee of £699.
Gatehouse has also added a 75 per cent FTV two-year at 4.19 per cent for international residents only, which has an application fee of 1 per cent.
Furthermore, the bank has improved its 3.99 per cent two-year product for international residents only, increasing the FTV from 50 per cent to 65 per cent and cutting the application fee from 1.5 per cent to 1 per cent.
The bank adds that none of its HPP products carry an early payment charge.
Gatehouse Bank chief executive Charles Haresnape comments: “Gatehouse aims to offer competitive products together with human underwriting that will appeal to a variety of customers, whether or not they require Shariah finance.
We plan to continue developing our home finance range and inject some competition into a market that has been poor at offering consumers a real alternative.”