Shawbrook has reduced rates on selected buy to let products by up to 30bps.

The rate cuts are across its complex and limited edition BTL ranges for borrowers taking out larger loans of between £1m and £5m.

In its complex BTL range Shawbrook will now charge a  rate of 6.34% on its five and 10-year fixed rates up to 65% LTV. For those borrowing up to 75% LTV the rates is 6.44% — a cut of 30bps.

In this range it has also cut the cost of its three-year, and two-year fixed rates. Its three-year fixes will now start at 6.49% (at 65% LTV) while its two-year fixes have been reduced to 6.54% at 65% LTV and 6.64% at 75% LTV.

Shawbrook has also made changes to its limited edition complex BTL products, again for loans between £1m and £5m, this time across its two- and five-year fixed-rate products.

Its five-year fixed term loans have been reduced to 5.84% at 65% LTV, and 5.94% at 75% LTV. Meanwhile its two-year fixes  been lowered to 5.44% at 65% LTV and 5.54% at 70%.

Shawbrook director of real estate proposition Daryl Norkett says: “These latest pricing reductions demonstrate our strong appetite to support brokers and professional landlords with a wide choice of lending products.”