Shawbrook cuts BTL, commercial, semi-commercial and bridging rates

Complex buy-to-let rates have been cut by up to 0.55 per cent, with pricing beginning from 5.69 per cent.

Digital buy-to-let rates have decreased by around 0.5 per cent and rates start from 5.99 per cent.

On the semi-commercial side, rate reductions have fallen by around 0.35 per cent with rates beginning from 6.79 per cent and commercial rates have gone down by 0.55 per cent with pricing starting from 7.44 per cent.

Bridging rates have decreased by around 0.1 per cent per month with rates starting from 0.69 per cent per month.

Daryl Norkett, director of real estate proposition at Shawbrook, said: “In response to the dynamic market conditions, we are pleased to announce a range of rate reductions, designed to empower professional investors with the tools they need to achieve their property ambitions in 2024.

“Having navigated the challenges posed by increasing interest rates in 2023, these adjustments aim to support investors and give them the confidence to proactively engage in the market, backed by a broad range of funding solutions from Shawbrook.”