Shawbrook have a market update, please see below. Contact us to see how you can benefit from our support or contact Shawbrooks Sales Team here.
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Announcement
Important information about our products
Following the advanced notice last week, we can confirm that we have increased rates across our Buy-to-Let, Commercial and Semi-Commercial products.
Effective today, we have:
- Increased our fixed rates across our Digital Buy-to-Let products by 0.50% – 0.80%
- Increased our fixed rates across our Specialist Buy-to-Let products by 0.15% – 0.30%
- Increased our fixed rates across our Commercial and Semi-Commercial products by 0.10% – 0.50%
Also, following the Bank of England base rate increase announced on Thursday 4 August, Shawbrook Base Rate (SBR) has increased by 0.50% to 1.75%, impacting our variable rates across our Buy-to-Let, Commercial and Semi-Commercial products.
Pipeline: All cases where at least an IMO has been issued (that is less than 14 days old) before 5pm on Friday 5 August will be honoured on the previous rates. However, if there is no change in case status within 14 days of the IMO being issued, the case will have to proceed on the new rates detailed above (if applicable).
Please download our updated Product Guide for all current rates.