Gatehouse Bank has announced that it has reduced rates by up to 0.20% across its two-year and five-year fixed-term buy-to-let (BTL) purchase plans for UK residents.

The new finance model reduces application costs with a flat £495 fee.

Paragon’s two-year fixed BTL rates now start from 4.24%.

Five-year fixed rates for HMOs and MUFBs have dropped to 4.49%.

The lender structured the deal with a 70% LTV to refinance the existing loan.

2.8 million over-55s would consider moving if stamp duty were cut.

Grants are available for EPC-rated E, F or G homes under ECO4.

The loan represents 60% of the £2.75 million gross development value of the property.

Barking and Dagenham saw the biggest real rent rise at 16.5%

Rates start at 5.09% for two-year fixed terms.