Gatehouse Bank has announced various rental rate reductions of up to 0.27% across its buy-to-let (BTL) purchase plans available for UK expats and international residents. The changes apply to standard and green two and five-year fixed term products, which have seen reductions of 0.26% and 0.27% respectively. As a result, UK expat BTL rates start from 4.23% and 5.95% for two and five-year fixes respectively, while products for international residents start from 4.32% and 5.96% respectively.

Nationwide has reduced rates for existing customers switching to a new deal or new customers remortgaging by up to 0.22%, offering a rate of 3.84%. For new customers looking o remortgage, rates at 3.84% are available from 60% LTV and comes with a £1,499 fee. On two- and five-year switcher products, 3.84% rates at up to 60% LTV come with a £999 fee. On remortgage rates, two-year products with no fees are available from 4.54% at up to 75% LTV.

Nucleus Financial Platforms has appointed Louis Petherick as its new chief risk officer (CRO). He has a track record of operating at executive level across a range of financial institutions, with his experience spanning traditional financial services organisations, digitally-led companies and wealth management firms. Petherick joins Nucleus from Brooks Macdonald, where he served as CRO for two years. Prior to this, he was CRO at FNZ UK and also spent five years at AJ Bell. Petherick has also held senior risk roles at M&S Bank, The Co-Operative Bank, Lloyds Banking Group, ING Direct and St James' Place.

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