The lender is launching three loan-to-value tiers which will be available from Monday next week and will introduce separate coverage ratios for individual and corporate borrowers.
Shawbrook has cut commercial and specialist buy-to-let rates by up to 1.06% and 0.96%.
The lender is launching three loan-to-value tiers which will be available from Monday next week and will introduce separate coverage ratios for individual and corporate borrowers.
Shawbrook’s broker partners will be able to submit applications under the existing criteria until Friday 16 December.
Karen Bennett, managing director of Shawbrook Commercial, said: “We are confident that these rate reductions provide a timely boost to brokers and their clients and, whilst the BTL market faces headwinds in 2017, we look forward to continuing to support our partners with a considered and sustainable lending approach.”
