The specialist bank has broadened its scope for multi-unit freehold blocks — and will now accept applications from first-time landlords for these types of properties holding up to six units.   

It has also increased the maximum LTV to 75% for industrial properties, offering loans available on interest-only, part-capital, or full-capital repayment.   

This move supports landlords in diversifying their portfolios with commercial properties, with rates starting from 7.39% at 75% LTV, the lender says.  

The firm has also expanded its proposition for lending on social housing, “recognising that small private landlords are meeting this growing demand”.   

Its complex buy-to-let products are available on single let or houses in multiple occupation properties let to social housing or supported living operators.  

Finally, the lender says that has “released new criteria that supports landlords choosing to acquire the shares of a property-owning company, as opposed to the individual properties themselves with no minimum loan size.   

“This strategic change aims to provide landlords with a variety of lending solutions, delivering specialist finance to their diverse customer base.”  

Shawbrook head of proposition Daryl Norkett points out: “These enhancements not only demonstrate our commitment to meeting the evolving needs of professional landlords but also acknowledge the market’s adaptation to a higher interest rate environment.   

“We’ve observed a significant rise in demand for houses in multiple occupation, from 27% of our BTL originations in 2022 and 2023, to 34% in 2024.   

“Additionally, our research last August revealed that 37% of landlords seeking portfolio expansion were interested in commercial properties for diversification.  

“By expanding our criteria, we are creating more opportunities for landlords to diversify and grow their portfolios, whether through higher-yielding residential assets, commercial properties, or social housing.”