Shawbrook, the specialist UK savings, development finance, and bridging finance bank, has announced a new BTL mid-range product for portfolio landlords. This is to support portfolio landlords who own simple property types.
Those customers who meet the criteria will be able to benefit from a reduced 5-year fixed rate of 4.09%, up to 75% LTV.
Gavin Seaholme, Head of Sales at Shawbrook Bank, comments: “We’ve gradually been enhancing our Buy-to-Let proposition to support the needs of the entire market.
Firstly, with revolutionary technology that improves the application experience for all, and now with products that are carefully designed to suit the requirements of different borrower types.
At Shawbrook we pride ourselves on striking the perfect balance of people and technology and now our products reflect that – offering the perfect blend of automation and specialist underwriting skills for each case, depending on its complexity.”
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Shawbrook recently provided a customer with a £189,000 bridging loan in a time-sensitive case. Within the requested six week timeframe, Shawbrook was able to complete a bridging loan at 85% LTV.