Shawbrook has unveiled a refreshed buy-to-let product range.
The new range simplifies Shawbrook’s proposition while expanding its flexibility. Its former digital buy-to-let product has been retired and replaced with the 'SB1 – single lets' product, which caters for up to 10 individual houses or flats on a single loan.
The new 'SB2 - HMO & MUFB' product caters for HMOs and MUFBs with up to 10 occupants or units in a block and continues to offer the choice of a commercial valuation.
This addition builds on Shawbrook’s previously expanded SB2: complex & large buy-to-let and established structured real estate ranges, that offer brokers options for more complex assets or borrowers and larger loan sizes up to £35m.
Across the entire buy-to-let range, brokers can now access a series of enhanced features designed to make lending more straightforward and responsive.
This includes automated valuation models (AVMs) on individual houses and flats and, for loans with over 10 properties, the potential to use AVMs for 75% of the security properties, reducing valuation costs for borrowers and providing more certainty upfront.
There is also a choice of variable and fixed rates over two, three, five or 10 years on every product, each paired with flexible arrangement fee options of 2%, 3% or 5%.
Daryl Norkett, director of real estate at Shawbrook, commented: “This refresh is about giving brokers the flexibility and confidence to support a wide range of professional landlords. By improving our range and expanding our product options, we’re making it easier to match the right solution to each client, whether they’re investing in a single property or managing a complex portfolio. The changes reflect our commitment to innovation, flexibility and supporting brokers with solutions that meet the real-world needs of today’s investors.”
