The reduction will also apply to its light refurbishment range.
The lender said this change strengthens its proposition for brokers and clients.
Alongside the rate reductions, Shawbrook is increasing the procuration fee payable to broker partners on eligible bridge-to-term cases from 0.5% to 1%.
However, it only applies where a Shawbrook bridging loan is refinanced onto a Shawbrook term product. Shawbrook’s existing 1% discount to the term product arrangement fee will also remain in place.
Daryl Norkett (pictured), director of real estate proposition at Shawbrook, said: “The enhanced procuration fee and existing arrangement-fee discount support brokers when a Shawbrook term mortgage is the right exit from a Shawbrook bridging loan.
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He added: “Price, speed and certainty all matter when a client is using bridging finance. Reducing rates on our 75% and 90% LTV residential bridging products, including light refurbishment, gives brokers more competitive options for a broad range of property plans.
“Having worked with the broker and borrower on the bridging loan, we are well placed to support with longer term finance once that project is completed. Together with our wider bridging proposition improvements, these changes are designed to make it easier to support clients from acquisition through to longer-term finance with an end-to-end solution.”
