Gatehouse Bank has confirmed a rental rate reduction of 0.24% across its range of two-year fixed term buy-to-let (BTL) purchase plans, available to UK expats and international residents.

The changes apply on all 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 SPV limited companies.

The bank’s range of green buy-to-let purchase plans offer a reduced rental rate for customers acquiring or refinancing a property with an energy efficiency rating of A or B.

From 23 April rental rates on buy-to-let purchase plans start at 4.49% for UK expats and 4.58% for international residents.

Commenting on the product changes Gatehouse head of customer propositions Gemma Donnelly said: “We are always looking for ways to support our customers based overseas to achieve their property ownership and investment goals and today’s rate reduction has been designed with this in mind.”