Shawbrook makes BTL and semi-commercial changes

Published on

Shawbrook has announced a range of changes across its semi-commercial and specialist buy-to-let products for complex cases.

Specialist buy-to-let loans between £150k and £1m have been re-priced with rates from 6.29% now available; buy-to-let loans worth over £1m now start with rates from 5.69%.

Shawbrook has also made changes to its semi-commercial offering, with rates on loans over £1m being re-priced from £6.49%.

Alongside the rate reductions, Shawbrook have also announced some criteria enhancements following changes made in Q4 2022. Maximum loan to value (LTV) has increased by 5% to 75% on specialist buy-to-let and 70% on semi-commercial deals alongside standard payrate debt service cover ratio calculations for five-year fixed rate loans.

Daryl Norkett, head of real estate proposition at Shawbrook, said: “Shawbrook has always remained committed to offering competitive rates on our buy-to-let loans and we are delighted to be able to roll out these changes with immediate effect.

“This follows our recent pricing reductions on our Digital buy-to-let products which now start from 5.39% on a five-year fix and benefit from automated initial decisioning, AVMs and non-represented legals for refinances.

“As a trusted partner to brokers we want to ensure we are offering competitive pricing and flexible criteria that allows their professional landlord clients to access the finance they require when they need it.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...