Gatehouse Bank has cut rates across its buy-to-let range by up to 0.61 per cent.

The headline reduction is the 65 per cent finance-to-value two-year fix for UK expats buying as an individual or corporation, which now has a rental rate of 3.69 per cent.

Elsewhere, UK residents buying as individuals will be able to access a 65 per cent FTV two-year fix at 3.49 per cent and, at 80 per cent FTV, a rate of 3.69 per cent – both having been reduced by 25 basis points.

Five-year fixes have been cut too, with the 65 per cent FTV receiving a 35 basis point reduction to leave it at 3.85 per cent and the 80 per cent FTV having a cut of 34 basis points to give a rate of 4.05 per cent.

And for international residents and corporations, a 50 basis point cut sees the 65 per cent FTV two-year fix at 4.19 per cent and for a five-year fix, 4.39 per cent.

As well as this, the lender has harmonised rates between products for UK corporations and individuals, which has comprised cuts of 51 basis points for two-year fixes and 60 basis points for five-year fixes.

Gatehouse Bank chief commercial officer Paul Stockwell says: “We have taken significant steps to improve our eligibility criteria in recent years, and we remain committed to our manual underwriting process, aiding customers who sometimes struggle to access finance.

“Our commitment to treating every customer on an individual basis has proved particularly beneficial to UK expats, and we’re also very pleased to offer reduced rates on HMO and MUFB products.”