Shawbrook and Fleet update product ranges

Shawbrook Bank and Fleet Mortgages have revised their specialist finance product ranges.

Shawbrook Bank

Shawbrook Bank has cut rates across its commercial heavy refurbishment suite.

The products are now available at 0.60% per month at 50% LTV, 0.70% at up to 60% LTV and 0.80% at up to 70% LTV.

The repricing brings the lender’s rates for this product range in line with its current residential heavy refurbishment pricing.

Emma Cox, head of sales at Shawbrook Bank, said: “The bridging market is a core part of our proposition and we are delighted to support our brokers and their clients with this pricing improvement. 

“We are in constant dialogue with our broker partners about what is important to them in this space, and our product improvement programme demonstrates our commitment to feedback-based change, not only around price, but also in terms of flexibility, service, communication and ease of application — all of which are fundamental to supporting positive customer outcomes.”

Fleet Mortgages

Fleet Mortgages has reintroduced 80% LTV BTL options across its standard and limited company/LLP ranges.

The 80% LTV two-year fix is priced at 3.89%, while the five-year fix is available at 4.15% — both including a 2% fee. 

All two-year fixes come with a rental calculation of 125% at 5.5%, while five-year fixes are payrate products with a rental calculation of 125% at the pay rate. 

Fleet’s 80% LTV products include either a free or discounted valuation.  

Steve Cox, chief commercial officer at Fleet Mortgages, said: “Last week, we were able to launch our first new product range fully funded by our parent, Starling Bank. 

“This week, we are adding 80% LTV products back into our offering, with mortgages available in both our standard and limited company and LLP ranges. 

“The new products have already received an excellent response and we’re confident that moving back into the 80% LTV space also provides advisers with a number of new options suitable for their landlord clients.”

Leave a comment