Shawbrook has announced a wide range of rate reductions across its real estate product portfolio.
This includes its buy-to-let, commercial, semi-commercial and bridging products, as well as the recently launched limited edition buy-to-let product.
The following rates apply to all new applications from today:
- Complex Buy-to-Let: rate reductions of up to 0.55%, with rates starting from 5.69%.
- Digital Buy-to-Let: rate reductions of up to 0.5%, with rates starting from 5.99%.
- Semi-Commercial: rate reductions of up to 0.35%, with rates starting from 6.79%.
- Commercial: rate reductions of up to 0.55%, with rates starting from 7.44%.
- Bridging: rate reductions of up to 0.1% per month, with rates starting from 0.69%.
Daryl Norkett (pictured), director of real estate proposition at Shawbrook, said: “In response to the dynamic market conditions, we are pleased to announce a range of rate reductions, designed to empower professional investors with the tools they need to achieve their property ambitions in 2024.
Having navigated the challenges posed by increasing interest rates in 2023, these adjustments aim to support investors and give them the confidence to proactively engage in the market, backed by a broad range of funding solutions from Shawbrook.”