Shawbrook has made changes to its semi-commercial and specialist buy-to-let (BTL) products for complex cases.

Specialist BTL loans between £150k and £1m have been re-priced to start at 6.29%, while BTL loans worth over £1m will have rates starting at 5.69%.

Shawbrook has also made changes to its semi-commercial offering, with rates on loans over £1m being re-priced to start from 6.49%.

Alongside the rate reductions, Shawbrook has also announced some criteria enhancements following changes made in Q4 2022.

Maximum loan-to-value (LTV) has increased by 5% to 75% on specialist BTL and 70% on semi-commercial deals alongside standard pay rate debt service cover ratio calculations for five-year fixed-rate loans.

Shawbrook head of real estate proposition Daryl Norkett says: “Shawbrook has always remained committed to offering competitive rates on our buy-to-let loans and we are delighted to be able to roll out these changes with immediate effect.”

“This follows our recent pricing reductions on our digital BTL products which now start from 5.39% on a five-year fix and benefit from automated initial decisioning, AVMs and non-represented legals for refinances.”