"By improving our range and expanding our product options, we’re making it easier to match the right solution to each client, whether they’re investing in a single property or managing a complex portfolio"
- Daryl Norkett - Shawbrook
Shawbrook has announced that it has expanded its BTL offering with SB1 Single Lets and HMO/MUFB products.
The update introduces the SB1 – Single Lets product, replacing the former Digital BTL product, which accommodates up to 10 individual houses or flats on a single loan. Borrowers can select either an automated valuation model (AVM), subject to acceptance, or a physical valuation, with rates starting from 4.59%.
A new SB1 – HMO & MUFB product caters for HMOs and Multi-Unit Freehold Blocks with up to 10 occupants or units, offering rates from 4.89% and the option of a commercial valuation.
These additions build on Shawbrook’s existing SB2: Complex & Large Buy-to-Let and Structured Real Estate ranges, which provide options for more complex assets, larger loan sizes up to £35m, and borrowers with specific incorporation or share purchase requirements. The refreshed offering creates a more comprehensive proposition for both straightforward and intricate lending needs.
Across the full Buy-to-Let range, brokers now benefit from features designed to simplify lending and increase responsiveness:
AVMs on individual houses and flats, and for loans covering more than 10 properties, the potential to use AVMs for 75% of security properties, reducing valuation costs and providing upfront certainty
A choice of variable and fixed rates over 2, 3, 5 or 10 years
Flexible arrangement fee options of 2%, 3% or 5% to suit different borrower requirements
“This refresh is about giving brokers the flexibility and confidence to support a wide range of professional landlords,” said Daryl Norkett, director of real estate proposition at Shawbrook. “By improving our range and expanding our product options, we’re making it easier to match the right solution to each client, whether they’re investing in a single property or managing a complex portfolio. The changes reflect our commitment to innovation, flexibility and supporting brokers with solutions that meet the real-world needs of today’s investors.”
