EXCLUSIVE: Shawbrook overhauls buy-to-let range
Specialist lender Shawbrook Bank has simplified its buy-to-let range to just three products and has launched a buy-to-let online application form.
The three products include Single BTL, designed for property investors looking to borrow under £750,000 and a Complex BTL product for those borrowing more, or for portfolios and small HMOs.
The final product, Large HMO, is for those looking to purchase or refinance an HMO with seven or more occupants.
Interest rates now start from 3.25%.
The online buy-to-let form will be available for all buy-to-let and HMO applications that have received an indicative mortgage offer.
It pulls through information that has already been provided by the broker during the initial stages, removing the need to re-key this data when progressing the case.
Once completed, the broker will receive a PDF copy of the application for their records.
Emma Cox, sales director for the property division at Shawbrook Bank, said: “After hearing the positive feedback around our refresh late last year, we immediately looked to take another step towards further improving the broker and customer experience with Shawbrook.
“It’s crucial to ensure complete clarity for the broker community when it comes to one’s products, and we feel this simplification really ticks that box to make us even easier to do business with.
“With a digital application form now available to our brokers that has received glowing feedback so far, I’m delighted with the positive start we have made to 2020.”