Shawbrook Bank cuts buy-to-let rates

By Bridging Loan Directory 26th January 2021

Shawbrook has reduced rates across their Buy-to-Let product range by up to 0.55%, as part of on-going plans to enhance their offering throughout 2021.

The most significant cuts have been made to their ‘Large HMO’ proposition (HMO properties with 7 occupants or more), with rates starting from 4.34%.

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

“This is the first of many steps in our plan to evolve our offering this year, and one we hope is well-received by the broker market as they seek specialist Buy-to-Let options for their clients.

Following recent positive changes to our bridging product range, we’re pleased to be doing the same in the BTL and HMO arena, once again showing our commitment to the specialist market.”