Gatehouse Bank has cuts rates on its entire buy-to-let product range.

The reductions apply to all the bank’s buy-to-let products, including Multi-Unit Freehold Blocks (MUFB) and its recently relaunched finance options for Houses in Multiple Occupation (HMO).

The changes apply to all types of buyer, including UK residents, UK expats and international residents, whether buying as individuals or through corporate entities.

Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “We are delighted to make our Buy-to-Let products even more accessible to customers by cutting rates across our entire range.

“We have taken significant steps to improve our eligibility criteria in recent years, and we remain committed to our manual underwriting process, aiding customers who sometimes struggle to access finance.

“Our commitment to treating every customer on an individual basis has proved particularly beneficial to UK expats, and we’re also very pleased to offer reduced rates on HMO and MUFB products.”

For UK residents buying as individuals, rates for the bank’s two-year fixed term buy-to-let product have been reduced by 0.25 percentage points, with the new rates standing at 3.49% for 65% Finance to Value (FTV), and 3.69% for 80% FTV. FTV is the Shariah-compliant equivalent of loan to value (LTV).

Rates for the five-year fixed term buy-to-let products have also decreased, dropping by 0.35 percentage points to 3.85% for a 65% FTV, and by 0.34 percentage points to 4.05% for 80% FTV.

Rates for UK corporations are now the same as for individuals, with reductions of 0.51 percentage points made for two-year fixed rates, and 0.60% for the five-year fixed products.

The most significant reductions apply to UK expats, either buying as an individual or corporation, where the new buy-to-let rental rate for a two-year fixed term is 3.69%, a fall of 0.61% at 65% FTV.

International residents and corporations also benefit from a 0.50 percentage point reduction on Gatehouse’s buy-to-let products, including HMOs and MUFBs. The best rate for a two-year fixed buy-to-let is 4.19% up to 65% FTV, rising to 4.39% for a five-year fixed rate (at up to 65% FTV). The bank also has rates up to 80% FTV.

Similar reductions are available for UK residents, (UK) expats, and international residents investing in HMO and MUFB products which are available up to 75% FTV.