"Customers are now able to benefit across two, three, five and ten year fixed rates which have been reduced by as much as 30 bps."
- Daryl Norkett, director of real estate proposition at Shawbrook
Shawbrook has announced a series of rate reductions of up to 0.30% across its complex and limited edition buy-to-let products.
As part of the complex buy-to-let product repricing, loans between £1m and £5m now feature a reduced rate of 6.34% for both five and ten-year fixed loans at 65% LTV, and a 30bps reduction to 6.44% at 75% LTV.
Three-year fixed rates have dropped to 6.49% at 65% LTV and 6.59% at 75% LTV, while two-year fixes have been reduced to 6.54% at 65% LTV and 6.64% at 75% LTV.
In addition to these changes, cuts have been made to Shawbrook's limited edition complex buy-to-let product. The changes apply to loans between £1m and £5m across two and five-year terms, with five year fixes reduced to 5.84% at 65% LTV and 5.94% at 75% LTV. Two year fixed rates have been lowered to 5.44% at 65% LTV and 5.54% at 70% LTV (the maximum LTV available for a two-year fixed term loan).
Daryl Norkett, director of real estate proposition at Shawbrook, said: “At Shawbrook we have always been committed to delivering competitive rates on our buy-to-let products. These latest pricing reductions demonstrate our strong appetite to support brokers and professional landlords with a wide choice of lending products.
“Customers are now able to benefit across two, three, five and ten year fixed rates which have been reduced by as much as 30 bps. As a trusted partner to brokers, we pride ourselves on offering competitive, flexible financing to support our professional landlord clients as and when they need it.”
