The lender offers individual pricing depending on the borrower and the property asset.
Its two-year fixed rates now start at 3.84 per cent up to 65 per cent loan to value (LTV), 3.99 per cent up to 70 per cent LTV and 4.09 per cent up to 75 per cent LTV.
Meanwhile, five-year fixed rates begin at 3.99 per cent up to 65 per cent LTV, 4.14 up to 70 per cent LTV and 4.19 per cent up to 75 per cent LTV.
Marcus Dussard (pictured), sales director of HTB Specialist Mortgages, said: “We closely monitor lending and market conditions to offer competitive service and products to ensure our brokers have access to the most competitive propositions we have to offer.
“Being ready, willing and able to lend during all market cycles has meant we have continued to innovate and grow our capability to support the market at a time when landlords have needed us most.”
“With this product refresh and further enhanced service, we continue to be able to give brokers and borrowers what they’ve been asking for to support their ambitions and should be seen as a sign of our commitment to provide landlords access to a great service and compelling rates,” he added.
Shawbrook Bank launches exclusive BTL deal
Shawbrook Bank has introduced a buy-to-let product which will be available exclusively through its recently launched digital portal, MyShawbrook Buy-to-Let.
The platform was launched last week. It provides mortgage offers and automated valuations by using Application Programming Interface (API) technology to integrate with third parties such as Hometrack.
The non-portfolio product is designed to sit alongside the new system and support cases that are expected to benefit from the automation capabilities.
It has a rate of 3.69 per cent up to 75 per cent LTV, and is available to non-portfolio landlords with single dwelling applications. To be eligible, the property must qualify for an automated property valuation (AVM) and borrowers must be willing to proceed with one.
Additionally, the lender has reduced rates by up to 0.60 per cent across its buy-to-let range on mortgages up to £1m.
Emma Cox, sales director at Shawbrook Bank, said: “This product has been designed to work in harmony with our new digital portal. Cases that meet the product’s eligibility criteria should sail through the new system with minimal manual intervention, freeing up our expert teams to concentrate on the more complex cases that make us specialists. In turn, this will improve the experience for all our buy-to-let customers.
“I hope this, coupled with more competitive rates across our offering, sends a clear signal of our continued support and commitment to the market.”