Gavin Seaholme

Shawbrook cuts BTL rates

Shawbrook Bank has reduced rates across its BTL product range by up to 0.55 percentage points as part of ongoing plans to enhance its offering throughout 2021.

The most significant cuts have been made to its large HMO proposition (HMO properties with seven occupants or more), with rates starting from 4.34%.

Gavin Seaholme, head of sales at Shawbrook Bank (pictured above), said: “This is the first of many steps in our plan to evolve our offering this year, and one we hope is well received by the broker market as they seek specialist BTL options for their clients. 

“Following recent positive changes to our bridging product range, we’re pleased to be doing the same in the BTL and HMO arena, once again showing our commitment to the specialist market.”

Earlier this month, the lender also increased the maximum loan size across its prime second-charge mortgage proposition.

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