Rates on 2, 3, and 5-year fixed commercial mortgages cut by up to 0.70%.

60% of people have cut back on non-essential spending following the pandemic, rising inflation, and the ongoing cost-of-living crisis.

Shawbrook has cut rates by up to 0.40% on complex buy-to-let products under £1m.

30% of developers anticipate a 35% increase in costs over the next year, according to Shawbrook.

42% of developers view retirement living as the most profitable sector, according to newly released data from Shawbrook.

Flexible funding was delivered pre-completion - "a rare move in the market."

This latest update follows similar LTV increases for industrial and retail properties introduced in 2024.

The launch of product transfers follows Switch & Fix, which launched last summer

Despite challenges such as material and labour shortages, the deal was completed in just 17 days.

The 60-bed scheme is made up of a former council building which has since been demolished.