Shawbrook has introduced significant enhancements to its buy-to-let proposition, with more product choice, lower rates, and new tools to support brokers and their clients.
As part of the changes, Shawbrook has retired its limited edition buy-to-let products to make way for an expanded suite of complex buy-to-let options. Clients can now select arrangement fees of 2%, 3%, or 5% across all complex buy-to-let products, available alongside the bank’s existing mix of variable rates and fixed rates over two, three, five or 10 years.
To help brokers compare their wider range of product options, the calculator on Shawbrook's Broker Hub has been rebuilt. Brokers can now filter products based on fixed rate period or arrangement fee, while also selecting the property’s EPC rating to quote the correct EPC discount available.
In addition, Shawbrook has reduced rates by up to 0.40% on complex buy-to-let products under £1m and has also aligned its loan size banding with its commercial mortgage product range.
Daryl Norkett (pictured), director of real estate at Shawbrook, commented: “These enhancements demonstrate our commitment to supporting brokers and their clients with solutions that meet a wide range of needs. By expanding our product range and improving our terms, we’re making it simpler for landlords to secure the right financing for their property investments.
"Equally, our new Broker Hub calculator will make it easier for brokers to compare these options and consider what best suits their individual customer’s needs.”
