The SB1 specialist BTL product range supports landlords across single house of multiple occupation (HMO) and multi-unit freehold block (MUFB) properties.
Single let rates begin from 4.64%, having been cut by around 0.3%.
HMO and MUFB deals up to 10 units will be priced from 4.69%, a fall of 0.5%.
Shawbrook said the changes aimed to help brokers improve affordability, support refinancing and unlock deals that may have struggled to secure the maximum loan to value (LTV) needed.
The lender said that for SB1 single lets, five-year fixed rates at 75% LTV with a 3% arrangement fee have been decreased to 6.19% for loan sizes between £50,000 and £150,000, down from 6.49%.
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For loans between £150,000 and £1m, rates start from 5.69%, reduced from 5.99%.
The deals are available through Shawbrook’s broker hub, which will automatically offer the use of an automatic valuation model (AVM) where available.
Within SB1 HMO and MUFB products, five-year fixed rates at 75% LTV with a 3% arrangement fee have been reduced to 6.29% for loan sizes between £50,000 and £250,000, down from 6.69%.
If borrowers are looking for loans ranging from £250,000 to £1m, these start from 5.79%, which is a drop from 6.29%.
These products offer the option of commercial valuations for HMOs with up to 10 occupants.
Daryl Norkett, director of real estate proposition at Shawbrook, said: “The Shawbrook proposition is about a broad range of solutions that provide financing for professional landlords where no two deals are the same.
“Hot on the heels of our structured real estate expansion for larger loans, these latest reductions across our SB1 range give brokers improved pricing for both single let cases and HMO or MUFB transactions on more typical loan sizes up to £1m, while continuing to benefit from the flexibility and service-led approach Shawbrook is known for.”
