Gatehouse Bank reduces rates across its buy-to-let mo...

Gatehouse Bank has cut rates across its buy-to-let mortgage range by up to 0.7%.

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%.

For UK expats, there is now a two-year fixed-term product available at 3.75%, down from 3.89%, and a five-year fixed-term deal at 3.99%, down by 0.46%.

The five-year fixed term for international residents now costs 3.99%, down from 4.69%.

Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “Last year we made our buy-to-let products more accessible by cutting rental rates and improving our eligibility criteria, and we are delighted to follow this up by further reducing our rental rates across the board.

“Our products have proved particularly popular with UK Expats, who benefit from our manual underwriting process and the flexibility this offers.

“We will continue to review our product offering and remain totally committed to taking the time to fully understand each customers individual circumstances to make informed financing decisions.”

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