Gatehouse Bank has reduced rates across its home purchase plans (HPP) and buy-to-let (BTL) products for new and existing customers who are UK residents. The reductions will cover selected standard and green two- and five-year products for individual applicants as well as UK-registered SPV limited companies. For UK residents seeking HPP products, rental rates have been reduced by 0.25% on two- and five-year fixed term products up to 80% FTV. For UK residential and SPV limited companies seeking BTL products, rental rates have been reduced by up to 0.10% on two-year fixed products and 0.20% on five-year fixed term products up to 80% FTV.

United Trust Bank has appointed Andy Porter as senior director in its business development team. He is an experienced career banker, having worked in real estate finance for around 25 years at lenders including RBS and Barclays, and joins the firm from Close Brothers, where he served as business development director. In his new role, Porter will be assisting housebuilders and developers across the south of England with securing flexible and competitive funding for a variety of residential and resi-led mixed use developments for both build to sell and build build to rent sectors.

Kent Reliance for Intermediaries has launched a new limited edition shared ownership range which offers enhanced flexibility and lower rates. Rates now start from 6.09% with new fee options, so that brokers can help support customers who want to keep their monthly outgoings low. Products are available as two- and five-year fixes at 75% LTV across 90%, 95% and 100% market share value. Minimum and maximum loans are available from £80,000 to £1m respectively.

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