From 19th December, the firm will offer brokers rates reduced by up to 1.06% on commercial products and 0.96% on specialist BTL products.
Shawbrook has also simplified its proposition by introducing three LTV tiers that are now consistent across all specialist BTL and commercial products, as well as revising the affordability criteria to introduce separate coverage ratios for individual and corporate borrowers.
Karen Bennett, managing director of Shawbrook Commercial Mortgages, said: “We are always looking for innovative ways to enhance our products and the service we provide to our brokers and their clients.
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“The extensive price reductions soon to be live across our specialist BTL and commercial product sets are a practical example of this dedication to good customer outcomes, and part of the latest in a long line of improvements we have made in 2016.
“We are confident that these rate reductions provide a timely boost to brokers and their clients and, while the BTL market faces headwinds in 2017, we look forward to continuing to support our partners with a considered and sustainable lending approach.”
Shawbrook’s panel of broker partners will be able to submit applications under the existing criteria until 16th December.
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