Shawbrook cuts buy-to-let rates
Shawbrook has cut its buy-to-let rates by up to 0.49% whilst also introducing a pair of new products to its range.
The two new products are for buy-to-let and house in multiple occupation (HMO) borrowing under £100k. Additional criteria improvements include three to 30-year terms, an existing customer discount on the arrangement fee of 0.25% across all buy-to-let products including large loans and a simplified commission rate across its offering.
Shawbrook has also published its full buy-to-let criteria guide to improve the transparency of its offering.
Emma Cox, sales director – property division at Shawbrook Bank, said: “With the many changes to the BTL market over the past few years, Shawbrook saw a great opportunity to continue to improve on our offering to better support customers seeking specialist buy to let solutions.
“We wanted to make our product range as transparent as possible to our brokers and we believe that this is a huge step in the right direction.”