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New specialist buy-to-let loans launched by bank

New specialist buy-to-let loans launched by bank

A new range of specialist buy-to-let mortgages has been released by Shawbrook Bank.

They are available via mortgage brokers TBMC.

The products include three-, five- and ten-year tracker rates up to 75% LTV which are available for Houses in Multiple Occupation (HMOs), student lets, limited companies and portfolios.
Andy Young, chief executive at TBMC, said: “We are delighted to offer this new product range from Shawbrook Bank which provides new options for landlords, especially professionals.

“At the moment there are only a couple of lenders operating in the specialist buy-to-let market, so it is great to see another lender offering solutions for buy-to-let investors.

“As a predominantly commercial lender, Shawbrook takes a flexible approach to lending, looking at the overall proposition of the case rather than ticking rigid criteria boxes.

“This should be of benefit to many brokers and their landlord clients who have less mainstream lending requirements.”