Shawbrook has unveiled a refreshed BTL range, introducing new single lets and HMO products.
The former Digital BTL product has been retired and replaced with the SB1 — Single Lets product, which caters for up to 10 individual houses or flats on a single loan.
The new SB2 product is for HMOs and MUFBs with up to 10 occupants or units in a block and continues to offer the choice of a commercial valuation.
Across the entire BTL range, brokers can now access enhanced features to make lending more straightforward.
Shawbrook now offers AVMs on individual houses and flats and the potential to use AVMs for 75% of the security properties for loans with over 10 properties.
Borrowers now also have a choice of variable and fixed rates over two, three, five or 10 years on every product, each paired with flexible arrangement fee options of 2%, 3% or 5%.
Daryl Norkett, director of real estate proposition at Shawbrook (pictured above), commented: “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.”
