Shawbrook Bank has extended its buy-to-let range with a new portfolio product.

This new deal is predominantly aimed at portfolio landlords with simple property types. The BTL loan offers a five-year fixed rate of 4.09 per cent and is available up to 75 per cent LTV. 

Shawbrook says this completes the revamp of its BTL offering, which has followed the launch of its digital portal MyShawebrook Buy-to-Let. It now provides products for non-portfolio, portfolio and specialist (including large HMOs and student blocks) landlords. 

Applications for non-portfolio loans benefit from automated property valuations. Portfolio customers will still benefit from the streamlined application process but the process is more complex and may involve some manual underwriting.

Shawbrook Bank head of sales Gavin Seaholme, says: “We’ve gradually been enhancing our buy-to-let proposition to support the needs of the entire market, with technology that improves the application experience and products that are carefully designed to suit the requirements of different borrower types.”