Shawbrook has cut rates across its commercial and semi-commercial range by up to 30 basis points.

Following the reductions, it is now offering rates starting from 5.19 per cent.

In its commercial range Shawbrook has made the following cuts to variable rate deals over £100,000:

• At 65 pent LTV its 6.09 per cent deal has reduced to 5.89 per cent
• At 75 per cent LTV its 6.49 per cent deal has been cut to 6.39 per cent

In its semi-commercial range it has made the following cuts to variable rate deals over £100,000:

• At 55 per cent LTV, its 5.25 per cent deal has reduced to 5.19 per cent
• At 65 per cent LTV, its 5.49 per cent deal has also reduced 5.19 per cent
• At 75 per cent LTV, its 5.99 per cent deal has reduced to 5.79 per cent

Head of sales Gavin Seaholme says: “The commercial investment sector has been faced with great change and uncertainty over recent months, but we remain fully committed to helping brokers maximise the abundance of opportunity that still exists.

“We’re proud of our Commercial Investment offering and hope by making our rates more competitive, we send a clear signal of our continued commitment to this market.”