Gatehouse Bank has made rental rate reductions across its range of buy-to-let (BTL) products for UK expats and international residents. The lender’s rental rates have been reduced by 0.22% on all standard and green two-year and five-year fixed term products for individual applicants as well as UK-registered limited companies.

West One Loans has launched a new online affordability calculator for residential mortgages. The firm’s latest digital tool is designed to streamline the mortgage application process by offering brokers a more efficient way to determine affordability. The calculator allows brokers to quickly obtain an accurate affordability decision before submitting a new enquiry.

Precise has updated the affordability calculation process for its residential range. The move means the average borrowing capacity has now been increased by an average of 9%, although this could be higher depending on customer circumstances. The enhancement offers increased financial options for brokers with residential customers looking to secure their first step on the housing ladder, or to secure additional funds for those seeking to remortgage.

---