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Gatehouse Bank has reduced its finance-to-value(FTV) limit to 65 per cent on buy-to-let and removed loans against HMO’s, multi-unit blocks, new-builds and apartment buildings over six storeys.

Finance-to-value is the equivalent of loan-to-value on conventional mortgages.

Gatehouse will be carrying out desktop valuations in order to continue lending to landlords.

The initial rental rates for all products at 65 per cent FTV remain unchanged.

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.