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Shawbrook cuts specialist BTL rates by up to 0.96%


Shawbrook’s Commercial Mortgages team has cut rates by up to 0.96 per cent on specialist buy-to-let products.

The specialist lender has also brought in three LTV tiers across all specialist buy-to-let and commercial products.

This new pricing is available from 19 December.

Shawbrook is also revising its affordability criteria to bring in separate coverage ratios for individual and corporate borrowers.

Shawbrook’s broker panel will be able to submit applications under the existing criteria until 16 December.

Shawbrook Commercial Mortgages managing director Karen Bennett says: “We are confident that these rate reductions provide a timely boost to brokers and their clients and, whilst the buy-to-let market faces headwinds in 2017, we look forward to continuing to support our partners with a considered and sustainable lending approach.”



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