Shawbrook has launched product transfers for existing customers with BTL products.
This will allow Shawbrook customers to renew their fixed rate on a BTL mortgage when no additional borrowing or term extensions are required.
The process has been designed to take place over just four steps with brokers and professional property investor clients able to choose a new fixed rate without underwriting.
This includes a range of two-, three-, five- and 10-year fixed rate products along with reduced rates for existing BTL customers with loans between £40,000 and £1m.
Shawbrook has also extended this to existing customers with commercial mortgage products.
“The introduction of this offering for both BTL and commercial mortgages is another step towards simplifying the experience for brokers and their professional investor clients so we can provide the best possible service and a broad range of product choices,” said Daryl Norkett, director of real estate proposition at Shawbrook (pictured above).
