Shawbrook has cut rates across its commercial and semi-commercial mortgage range by up to 35bps.

The lender has also trimmed rates by up to 50bps on its commercial trading mortgage range on selected two-, three- and five-year products aimed at owner-occupiers and trading businesses wanting to buy or refinance.

Shawbrook director of real estate proposition Daryl Norkett said: “As activity across the commercial property market continues to strengthen, these latest rate reductions provide even greater value while reinforcing our commitment to making it easier for brokers to place business with Shawbrook.”

Meanwhile, Keystone Property Finance is increasing its fixed rates by 20bps.

The lender’s buy-to-let rates now start from 3.49%.

As an example, a two-year buy-to-let fixed rate for a single let starts from 5.74% at 65% LTV, and 5.89% at 75% LTV, with a 2.5% fee.

Five-year rates start from 5.89% at 65% LTV, rising to 6.44% at 80% LTV, also with a 2.5% fee.

Rely will be withdrawing and repricing its entire range, with increased rates, from 5pm today, 21 July.

Elsewhere, rising swap rates are causing many lenders to increase fixed-rate mortgage prices, with Santander yesterday adding 20bps to many products.