MT Finance has made across-the-board rate cuts to its commercial products.

The lender has launched a limited-time HMO offer with up to 80% loan-to-value (LTV) on five-year fixed-rate products for properties up to eight bedrooms.

These updates bring rates to the lowest MT Finance has offered since its launch.

This move comes as a response to the demand for higher-yield assets, and lowers the capital barrier for investors looking to acquire or refinance larger multi-let properties.

MT Finance deputy chief executive Gareth Lewis comments: “Our goal is to remain agile and responsive to the needs of our brokers and their clients. By lowering rates across our commercial range and introducing an 80% LTV limit for our HMO offer, we are giving our clients significantly more borrowing capacity to achieve their property goals efficiently in the current market.”

Elsewhere, Gatehouse Bank has made a rental rate reduction of 0.18% across its full range of five-year fixed term buy-to-let (BTL) purchase plans for UK expats and international residents.

Rental rates on BTL purchase plans now start from 5.88% for UK expats and 5.89% for international residents.

These change apply to all standard and green five-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.

Gatehouse Bank head of customer propositions Gemma Donnelly says: “We know that the UK property market remains highly attractive to those based overseas and we remain committed to helping existing and prospective landlords to access the finance they need, whether they are based in the UK or abroad.”