LendInvest Mortgages has reduced rates across the entire suite of residential mortgage products.

The lender’s two-year fixed rates up to 75% loan-to-value (LTV) will be cut by 15 basis points, and 10bps over 75% LTV.

It has also trimmed all five-year fixed rates by 5bps with lowest rates now starting at 5.14% for a two-year fixed term.

LendInvest says it will also offer a cashback incentive of up to £400 to help towards administrative costs during the mortgage process.

LendInvest chief capital officer and managing director for mortgages Hugo Davies says: “We know that when it comes to buying a home, affordability is always the biggest roadblock for the borrower, broker and lender.”

“That’s why we’re delighted to be able to cut all of our residential mortgage products by up to 15bps and continue to offer a cashback incentive of up to £400.”

Meanwhile, Gatehouse Bank has reduced its rental rate by 0.12% on two-year fixed term buy-to-let (BTL) purchase plans for UK expats and international residents.

The changes will apply on standard and green two-year products, including those for customers seeking finance for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

Gatehouse Bank accepts applications from individuals as well as UK-registered special purchase vehicle limited companies.

Gatehouse Bank head of customer propositions Gemma Donnelly comments: “We remain committed to helping our customers achieve their goals and have introduced today’s changes with this in mind, aiming to support even more people seeking Shariah-compliant finance to purchase property in England or Wales.”

Earlier this week, LendInvest lowered prices on all of its BTL products by 10 basis points.