Shawbrook Bank has launched a refreshed buy-to-let range designed to give brokers and landlords greater flexibility, with new products, rate options and valuation choices.
The new range replaces the lender’s previous Digital buy-to-let offering and introduces a broader structure that caters to both straightforward and complex cases. The updated SB1 – Single Lets product now covers up to 10 individual houses or flats on a single loan, with rates starting from 4.59%.
Borrowers can choose between an automated valuation model (AVM), subject to acceptance, or a physical valuation.
Alongside this, Shawbrook has launched the SB1 – HMO & MUFB products, which support multi-unit freehold blocks of up to 10 units and houses in multiple occupation with up to 10 occupants, with rates from 4.89%.
These changes sit alongside the bank’s existing SB2: Complex & Large Buy-to-Let and Structured Real Estate ranges, which cater for more sophisticated borrowers and larger loans up to £35m.
Together, they form a more comprehensive suite of options for both simple and intricate lending needs, including incorporations and share purchase transactions.
The refreshed range also brings enhanced flexibility across pricing and structure. Borrowers can now select from two, three, five or 10-year fixed or variable rates, each available with arrangement fees of 2%, 3% or 5%, depending on their requirements.
In addition, Shawbrook has broadened the use of AVMs across its buy-to-let portfolio. For loans secured against more than 10 properties, up to 75% of the assets can now be assessed using AVMs, cutting valuation costs and offering greater certainty earlier in the process.
Daryl Norkett, director of real estate proposition at Shawbrook, said: “This refresh is about giving brokers the flexibility and confidence to support a wide range of professional landlords.
“By improving our range and expanding our product options, we’re making it easier to match the right solution to each client, whether they’re investing in a single property or managing a complex portfolio.
“The changes reflect our commitment to innovation, flexibility and supporting brokers with solutions that meet the real-world needs of today’s investors.”
