Shawbrook has cut rates on its SB1 specialist BTL range by up to 50bps.
Rates across the SB1 BTL range for single lets now start from 4.64%, while rates across SB1 HMO and MUFB products (up to 10 units) now start from 4.69%.
The changes are designed to help brokers improve affordability, support refinancing activity and unlock deals that may previously have struggled to achieve maximum LTV.
For SB1 single lets, five-year fixed rates at 75% LTV with a 3% arrangement fee, have been reduced to 6.19% for loan sizes between £50,000 and £150,000.
Rates for these loans start from 5.69% for loans between £150,000 and £1m.
Across SB1 HMO and MUFB products, five-year fixed rates at 75% LTV with a 3% arrangement fee have been reduced to 6.29% for loan sizes between £50,000 and £250,000.
Rates for these loans start from 5.79% for loans between £250,000 and £1m. These products offer the option of commercial valuations for HMOs with up to 10 occupants.
“The Shawbrook proposition is about a broad range of solutions that provide financing for professional landlords where no two deals are the same,” said Daryl Norkett, director of Shawbrook’s real estate proposition (pictured above).
“Hot on the heels of our structured real estate expansion for larger loans, these latest reductions across our SB1 range give brokers improved pricing for both single let cases and HMO or MUFB transactions on more typical loan sizes up to £1m, while continuing to benefit from the flexibility and service-led approach Shawbrook is known for.”
