Shawbrook has introduced changes to its buy-to-let and semi-commercial ranges with rate reductions and loan-to-value (LTV) increases.
The specialist lender has announced its specialist buy-to-let loans worth over £1m will now start with rates from 5.69% while loans between £150k and £1m have been re-priced with rates from 6.29% now available.
Meanwhile, Shawbrook has re-priced the semi-commercial loan offering, with rates on loans over £1m being re-priced from £6.49%.
The maximum TV has also been increased by 5% to 75% on specialist buy-to-let and 70% on semi-commercial deals alongside standard payrate debt service cover ratio calculations for 5-year fixed rate loans.
Daryl Norkett, head of real estate proposition at Shawbrook, said the changes allow professional landlords to access the finance they require when they need it.
Norkett added: “Shawbrook has always remained committed to offering competitive rates on our buy-to-let loans and we are delighted to be able to roll out these changes with immediate effect.”
