Shawbrook enhances buy-to-let offering with new products and pricing reductions
Shawbrook has introduced significant enhancements to its buy-to-let (BTL) proposition, delivering more product choice, sharper rates, and new tools to support brokers and their clients.
As part of the changes, Shawbrook has retired its Limited Edition BTL products to make way for an expanded suite of complex BTL options. Clients can now select arrangement fees of 2%, 3%, or 5% across all complex BTL products, available alongside the bank’s existing mix of variable rates and fixed rates over 2, 3, 5, or 10 years.
To help brokers compare their wider range of product options, the calculator on the banks Broker Hub has been completely rebuilt. Brokers can now filter products based on fixed rate period or arrangement fee, while also selecting the property’s EPC rating to quote the correct EPC discount available. This enhancement is designed to make it faster and simpler for brokers to identify the most suitable product for their clients.
In addition, Shawbrook has reduced rates by up to 0.40% on complex buy-to-let products under £1m, offering landlords more cost-effective financing solutions. While the bank has also aligned its loan size banding with its commercial mortgages product range, that change will be of particular relevance to brokers managing active cases.
Daryl Norkett, director real estate proposition at Shawbrook comments:“These enhancements demonstrate our commitment to supporting brokers and their clients with solutions that meet a wide range of needs. By expanding our product range and improving our terms, we’re making it simpler for landlords to secure the right financing for their property investments. Equally, our new Broker Hub Calculator will make it easier for brokers to compare these options and consider what best suits their individual customer’s needs.”