The products now available for clients are: single BTL, complex BTL and large HMO.
This follows the refresh of the bank’s BTL range late last year in which products were reduced from 10 to seven.
Interest rates have been adjusted accordingly to the new products, which now start from 3.25%.
Shawbrook has also launched a new BTL online application form.
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This is available for all BTL and HMO applications that have received an indicative mortgage offer.
Emma Cox, sales director of the property division at Shawbrook Bank, said: “It’s crucial to ensure complete clarity for the broker community when it comes to one’s products, and we feel this simplification really ticks that box to make us even easier to do business with.
“With a digital application form now available to our brokers that has received glowing feedback so far, I’m delighted with the positive start we have made to 2020.”
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