Shawbrook Bank has made a number of changes to its buy-to-let and HMO range, following enhancements made earlier in the year.
As part of the changes, the bank has introduced three new product bandings based on loan size.
These include:
- 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 £40,000, rates on large loans over £1m have been reduced and will now start from 4.14% on buy-to-let and HMOs at 65% LTV.
Gavin Seaholme (pictured), head of sales at Shawbrook Bank’s Property Finance division, said: “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.”