Shawbrook reduces rates on commercial and semi-commercial mortgages

Its semi-commercial product, which was previously priced at 5.09 per cent, was cut by 0.35 per cent.  

Changes also apply to its fixed rate deals on loans over £150,000. The commercial offering has a rate of 5.49 per cent for a five-year fixed, down from 5.79 per cent. 

The commercial investment range offers up to 75 per cent loan to value (LTV), between £50,000 to £25m and is suitable for complex investments such as serviced offices and vacant units. 

Darrell Walker, head of sales at Shawbrook (pictured), said: “In what has been a very fast paced market, Shawbrook’s ability to be agile through our commercial investment offering has provided more opportunities for our customers that may be making the most of current market opportunities. 

“We remain steadfast in our commitment to helping brokers provide more choice and competitive options to meet the abundant demand that exists in this sector. We’re proud of our commercial investment offering and hope by making our rates more competitive, we send a clear signal of our continued commitment to this market.”