Sarah & Nick Buy to let strategy in a high inflation low interest decade
August 14, 2022
Nick Martin General update 17 Aug 2022
August 17, 2022
As of 16th of August 2022, Gatehouse bank plc have caused lending for buy to let mortgages. David Eva explains what’s going on, what to expect and what alternatives there are to Gatehouse Bank for foreign national limited company buyers.
See press release about Gatehouse bank pausing lending:
Source: https://www.mortgagesolutions.co.uk/
“Shariah-compliant lender Gatehouse Bank has temporarily withdrawn its buy-to-let and home purchase plan products due to high demand.
The lender said it had experienced high demand for its home finance products. Consequently, it had taken the decision to temporarily withdraw all buy-to-let and home purchase plan finance products by 5pm today.
The lender added that valid decisions in principle with a client signature could be submitted by 11:59pm on 25 August
Gatehouse Bank said submitted cases which are not fully packaged or are unsigned by this date would not be progressed.”
https://www.mortgagesolutions.co.uk/news/2022/08/16/gatehouse-bank-temporarily-withdraws-btl-and-home-finance-products/
—-
Contact David Eva directly:
M +44 (0) 7516 088 450
P +44 (0) 800 612 3532
F +44 (0) 207 112 8792
E [email protected]
www.the-mortgage.org
