Shawbrook has announced pricing reductions across several of their BTL products.
The bank’s digital BTL products — which offer speed of funding through automated initial decisioning via MyShawbrook, use of AVMs, and utilisation of PEXA to expedite refinance processes and non-represented legals — have been reduced by 30 bps, with rates now starting from 5.69%.
Shawbrook has also reduced rates by 30 bps on its two and three-year fixed-rate for complex BTL mortgage products.
In addition, the lender has cut rates by up to 20 bps for its structured real estate product offering.
Daryl Norkett, director of real estate proposition at Shawbrook (pictured above), commented: “These rate reductions reflect our commitment to empowering professional investors with competitive pricing and a range of specialist finance solutions that can deliver their property ambitions through the cycle.
“Our combination of advanced technological capabilities and a team of property experts aims to deliver tailored solutions for complex loans and swift access to funding for simpler transactions.
“We are dedicated to helping investors navigate the market with confidence, whether they are pursuing short-term opportunities or long-term growth in their property portfolios."
