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.

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%.

Fixed-rate deals now start at 2.56% for single dwelling properties.

Shared Ownership rates now start from 4.24%, up to 95% loan to share.

New five-year fixed rates start at 5.19% for standard buy-to-let cases.

Buy-to-let rates now start at 3.24% for a two-year fixed term.

Wales recorded the highest yield at 9%, with a 1.3% quarterly increase.

Rates cut by 15bps on Property Plus two- and five-year fixed options, starting at 6.59%.

The new buy-to-let products start at 3.45% for EPC A-C properties.