Shawbrook has made major changes to its buy-to-let proposition, introducing more product choice, rate reductions and new tools to support brokers and landlords.
The bank has withdrawn its Limited Edition buy-to-let products and expanded its Complex BTL range, which now offers arrangement fees of 2%, 3% or 5% across products available with variable or fixed rates over 2, 3, 5 or 10 years.
Rates on Complex BTL products under £1m have been cut by up to 0.40%, while loan size bandings have been aligned with Shawbrook’s commercial mortgages.
To help brokers navigate the wider range, the bank has rebuilt the calculator on its Broker Hub. The updated tool allows brokers to filter by fixed rate period, arrangement fee and EPC rating, enabling them to quickly identify the most suitable products and apply EPC discounts where relevant.
Daryl Norkett, director real estate proposition at Shawbrook, said: “These enhancements demonstrate our commitment to supporting brokers and their clients with solutions that meet a wide range of needs.
“By expanding our product range and improving our terms, we’re making it simpler for landlords to secure the right financing for their property investments.
“Equally, our new Broker Hub Calculator will make it easier for brokers to compare these options and consider what best suits their individual customer’s needs.”
