Shawbrook reduces BTL rates by up to 0.55 per cent

It said the most significant cuts have been made to the large houses in multiple occupation (HMO) proposition for properties with seven occupants or more, with rates starting from 4.34 per cent.

Gavin Seaholme, head of sales at Shawbrook Property Finance, said: “This is the first of many steps in our plan to evolve our offering this year, and one we hope is well-received by the broker market as they seek specialist buy-to-let options for their clients.

“Following recent positive changes to our bridging product range, we’re pleased to be doing the same in the BTL and HMO arena, once again showing our commitment to the specialist market.”