Shawbrook has made a series of rate reductions of up to 30 bps across its complex and limited-edition BTL products.
As part of the complex BTL product repricing, the lender’s five- and 10-year fixes that offer loans between £1m and £5m have been lowered to 6.34% at 65% LTV, and 6.44% at 75% LTV.
Meanwhile, three-year fixes are not available at 6.49% at 65% LTV, and 6.59% at 75% LTV, whereas two-year fixes have been cut to 6.54% at 65% LTV, and 6.64% at 75% LTV.
Shawbrook has also reduced pricing across its limited-edition complex BTL products that offer loans between £1m and £5m.
The five-year fixed-term option has been reduced to 5.84% at 65% LTV, and 5.94% at 75% LTV, while the two-year fixes are now priced at 5.44% at 65% LTV and 5.54% at 70% LTV (the max LTV available for a two-year fixed-term loan).
Daryl Norkett, director of real estate proposition at Shawbrook (pictured above), said: “We have always been committed to delivering competitive rates on our BTL products.
“These latest pricing reductions demonstrate our strong appetite to support brokers and professional landlords with a wide choice of lending products.”
