TSB has cut residential fixed-rate loans by up to 30 basis points, Keystone Property Finance reduces selected expat rates by up to 40bps, while Gatehouse Bank has announced a rental rate reduction of 25bps across its buy-to-let purchase plans.
The high street bank says its two-year shared ownership and shared equity remortgage fixes will fall by up to 30bps from today.
Its five-year shared ownership and shared equity house purchase rates between 75% loan to value and 95% LTV are down by up to 15bps.
Also, among other tweaks, two-year house purchase prices between 85% LTV and 90% LTV are trimmed by 5bps.
Meanwhile, Keystone Property Finance has cut selected expat rates by as much as 40bps from today.
The reduction applies to standard two-year fixes, which now start at 4.14% up to 65% LTV.
The specialist lender has also introduced a new 75% LTV product, offering expats a 4.29% rate, with a 5.5% arrangement fee.
The range has a number of other different arrangement rate options, with fees ranging from 2.5% to 5.5%, designed for employed and self-employed expats, as well as retired applicants.
The firm’s expat products are available to individuals and limited companies.
Keystone Property Finance managing director Elise Coole says that “demand for Ex-pat products and tailored mortgages is increasing,” adding that it is “important for us to be as relevant, flexible, and competitive as we can in providing brokers with specialist BTL products that meet both their needs and those of their clients.”
Finally, Gatehouse Bank reduces rental rates and simplifies documentation requirements across its landlord purchase plans for UK residents from today.
The lender says these changes apply to standard and green two-year and five-year fixes, as well as customers seeking finance for houses in multiple occupation and multi-unit freehold blocks.
Rental rates on two-year and five-year BTL products for UK residents start at 5.39% and 5.65%, respectively.
The bank accepts applications from individuals as well as UK-registered SPV limited companies.
It adds that there is now no minimum income requirement for those who are self-financing and, where the applicant is already an owner-occupier, less documentation is needed.
Document requirements have also been eased for applications using gifted deposits, and inter-company loans are now accepted as a valid deposit source.
Gatehouse Bank head of customer Propositions Gemma Donnelly says: “Today’s changes make the process simpler and more efficient whilst ensuring our products remain competitive and support those looking to purchase investment properties with us.”
