Professional landlords are showing a growing preference for semi-commercial and HMO properties, based on the latest internal market data from Shawbrook.

The 42-apartment London development secured funding at 70% loan-to-gross-development-value, enabling the project to proceed despite challenging market conditions.

Homes in the development are priced from from £245,000 to £335,000 and are expected to achieve a minimum EPC rating of B.

Shawbrook has refreshed its buy-to-let range, introducing new specialist products and flexible options to give brokers greater choice and speed when supporting landlords.

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."