Shawbrook Bank revamps Buy-to-Let and HMO product range

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Shawbrook bridging loan

Shawbrook Bank has announced a series of changes to its Buy-to-Let and HMO range, following enhancements made earlier in the year.

As part of the changes, Shawbrook has introduced three new product bandings based on loan size, including:

  • Loans over £1m
  • Loans between £150k – £1m
  • Loans less than £150k

The changes impact all of Shawbrook’s Buy-to-Let and HMO products. While continuing to support customers with loans from just £40k, rates on large loans over £1m have been reduced and will now start from 4.14% on BTL and HMOs at 65% LTV.

Product LTV Loan Size Fee Variable pay rate 3yr fix (%) 5yr fix (%)
 

BTL & HMO

(Single, Complex & Large HMO)

  

65%

 

 Less than £150k

£150k to £1m

£1m+

 1.50%

1.50%

2%

 4.74%

4.34%

4.14%

 4.79%

4.39%

4.19%

 4.84%

4.44%

4.24%
 

75%

 

 less than £150k

£150k to £1m

£1m+

 1.50%

1.50%

2%

 4.84%

4.44%

4.24%

 4.89%

4.49%

4.29%

 4.94%

4.54%

4.34%

 Gavin Seaholme, Head of Sales at Shawbrook Bank’s Property Finance division, comments:

“These changes underline Shawbrook’s continued commitment to supporting the simple, the complex, and everything in between.

Our team have a wealth of experience lending on commercial and residential developments, in even the most complex of situations and work hard to serve customers at both ends of the market.

By offering competitive rates across all loan sizes we can make our expertise and knowledge of the market accessible to as many people as possible.”

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