Shawbrook announces BTL product enhancements Mortgage Finance Gazette

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Shawbrook has introduced enhancements to its buy-to-let (BTL) proposition.

As part of the changes, Shawbrook has retired its Limited Edition BTL products to expand its suite of Complex BTL options.

All Complex BTL products have arrangement fees of either 2%, 3% or 5%, available alongside the bank’s existing mix of variable and fixed rates over two-, three-, five- and 10-years.

In addition, the calculator on the banks Broker Hub has been completely rebuilt to help brokers compare their wider range of product options.

Brokers can now filter products based on fixed rate period or arrangement fee, while also selecting the property’s EPC rating to quote the correct EPC discount available.

Shawbrook has also reduced rates by up to 0.40% on Complex BTL products under £1m, offering landlords more cost-effective financing solutions.

Shawbrook director real estate proposition Daryl Norkett says: “These enhancements demonstrate our commitment to supporting brokers and their clients with solutions that meet a wide range of needs.”

“By expanding our product range and improving our terms, we’re making it simpler for landlords to secure the right financing for their property investments. Equally, our new Broker Hub Calculator will make it easier for brokers to compare these options and consider what best suits their individual customer’s needs.”