Shawbrook has made rate reductions across its SB1 specialist buy-to-let (BTL) product range.

Rates across the SB1 BTL range for single lets now start from 4.64%, following reductions of up to 30 basis points, while rates across SB1 houses of multiple occupancy and multi-unit freehold block (MUFB) products (up to 10 units) now start from 4.69%, with cuts of up to 50bps.

For SB1 single lets, five-year fixed rates at 75% LTV with a 3% arrangement fee have reduced to 6.19% for loan sizes between £50k and £150k, down from 6.49%, and to 5.69% for loans between £150k and £1m, reduced from 5.99%.

Meanwhile, across SB1 HMO and MUFB products, five-year fixed rates at 75% LTV with a 3% arrangement fee have reduced to 6.29% for loan sizes between £50k and £250k, down from 6.69%, and to 5.79% for loans between £250k and £1m, previously 6.29%.

These products offer the option of commercial valuations for HMOs with up to 10 occupants.

Shawbrook director of real estate proposition Daryl Norkett says: “Hot on the heels of our Structured Real Estate expansion for larger loans, these latest reductions across our SB1 range give brokers improved pricing for both single let cases and HMO or MUFB transactions on more typical loan sizes up to £1m, while continuing to benefit from the flexibility and service-led approach Shawbrook is known for.”

Elsewhere, TSB has introduced a two- and five-year fixed portfolio buy-to-let (BTL) product range for house purchase and remortgage applications.

The new range is available up to 75% LTV.