Shawbrook has announced that it has reduced rates across its SB1 Specialist Buy-to-Let range by up to 50bps, with products for single lets, HMOs and multi-unit freehold blocks now starting from 4.64%.
The lender announced cuts across its SB1 product range this month, supporting landlords with single let, HMO and multi-unit freehold block properties. Rates for single lets now start from 4.64% following reductions of up to 30bps, while HMO and MUFB products covering up to 10 units begin at 4.69% after cuts of up to 50bps.
The changes aim to help brokers improve affordability, support refinancing activity and unlock deals that may previously have struggled to achieve maximum LTV.
For single lets, five-year fixed rates at 75% LTV with a 3% arrangement fee have dropped to 6.19% for loan sizes between £50,000 and £150,000, down from 6.49%. Loans between £150,000 and £1m now attract a rate of 5.69%, reduced from 5.99%. Brokers can access these products through Shawbrook's Broker Hub, which automatically offers the use of an AVM where available.
HMO and MUFB products have seen similar reductions. Five-year fixed rates at 75% LTV with a 3% arrangement fee now sit at 6.29% for loan sizes between £50,000 and £250,000, down from 6.69%. Loans between £250,000 and £1m have fallen to 5.79%, previously 6.29%. These products offer the option of commercial valuations for HMOs with up to 10 occupants.
The SB1 rate reductions follow recent enhancements to Shawbrook's Structured Real Estate proposition, where the bank expanded its large-loan offering to better support brokers operating in the mid-market and more complex lending space. This approach ensures brokers can access tailored support across a broad spectrum of lending needs, from larger bespoke transactions to more typical loan sizes.
"The Shawbrook proposition is about a broad range of solutions that provide financing for professional landlords where no two deals are the same," said Daryl Norkett, director of real estate proposition at Shawbrook.
"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."
