Shawbrook Bank has split its buy-to-let and HMO products into three loan size bands, offering different rates for each.

The bands are defined as loans under £150,000, from £150,000 to £1m, and over £1m.

They concern variable pay rate products, three-year fixes and five-year fixes.

At 65% LTV, rates for the first band start at 4.74%, for loans from £150,000 to £1m at 4.34%, and at the highest band, from 4.14%.

And at 75% LTV, rates for loans of up to £150,000 start at 4.84%, from £150,000 to £1m at 4.44% and, for the final band, 4.24%.

Fees for the first two bands at set at 1.50% and 2% for the latter.

Shawbrook head of sales Gavin Seaholme says: “These changes underline Shawbrook’s continued commitment to supporting the simple, the complex, and everything in between.

“Our team have a wealth of experience lending on commercial and residential developments, in even the most complex of situations and work hard to serve customers at both ends of the market.”