Atom bank has strengthened its relationship with an existing care home provider customer by delivering a £1.3m commercial mortgage to enable them to purchase their eighth care home. The app-inly bank said that the client has “great experience” within the care home sector, having worked in the industry for more than a decade. They now own eight care homes, with different ownership structures, including four with the funding support of Atom bank. The bank was able to support the client wit ha £1.3m commercial mortgage at 75% LTV with the rate fixed for five years.

Gatehouse Bank has enhanced its online decision in principle (DIP) facility by making it available to UK expats and international residents, in addition to UK residents. The change will allow all qualifying home purchase plans and buy-to-let customers to independently obtain a DIP in approximately 10 minutes, without needing to speak to a direct adviser. Gatehouse Bank’s online DIP facility is also available for BTL customers seeking finance for HMOs, MUFBs or properties under a limited company name. Once customers have obtained a DIP, they will be prompted to upload their supporting documentation through a secure platform.

NatWest has cut rates across its five-year fixed rate purchase and remortgage ranges, as well as shared equity and green mortgages. The latest cuts follow reductions across the residential and BTL ranges earlier this month. On the residential purchase range, five-year fixes start from 4.07% at 60% LTV with a £1,495 fee, 4.12% with a £995 fee and 4.29% fee-free. 75% LTV five-year fixes have been reduced to 4.18% with a £1,495 fee, 4.23% with a £995 fee and 4.38% fee-free. On the remortgage range, the lowest rate on offer is now at 4.08% with a £1,495 fee and £250 cashback.

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