Shawbrook Bank has cut rates across its buy-to-let mortgage range by up to 55 basis points.

The headline cut is within the Large HMO product (for at least seven occupants), where, at up to 65 per cent LTV, variable rates start at 4.34 per cent.

Variable rates for the lender’s Single BTL product, for loans of up to £750,000, and the Complex BTL product also now start at 4.34 per cent at up to 65 per cent LTV.

Shawbrook property finance division head of sales Gavin Seaholme says: “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.”