Thursday, January 25, 2024
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Shawbrook has announced a series of rate reductions across its real estate product portfolio, including its buy-to-let, commercial, semi-commercial and bridging products, as well as a recently launched limited edition buy-to-let product.
Complex buy-to-let rates are reducing by up to 0.55%, with rates now starting from 5.69%, while digital buy-to-let rates are down by up to 0.50% with rates starting from 5.99%. Semi-commercial rates have decreased by up to 0.35% to start from 6.79% and commercial rates have reduced by up to 0.55%, now starting from 7.44%. In addition, bridging rates will see reductions of up to 0.10% per month, with rates starting from 0.69%.
Daryl Norkett, director of real estate proposition at Shawbrook, commented: “In response to the dynamic market conditions, we are pleased to announce a range of rate reductions, designed to empower professional investors with the tools they need to achieve their property ambitions in 2024.”
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