Updates to Shawbrook Base Rate
Following the announcement of the increase to the Bank of England Base Rate, we can confirm that Shawbrook Base Rate has increased to 4.25% (as of 24 March 2023).
Our Buy-to-Let, Commercial and Semi-Commercial Investment variable rates have been impacted. Please visit our website for more details.
Our Semi-Commercial offering just got better!
To deliver on our commitment to consistently offering competitive rates and flexible criteria to our valued customers, we’re delighted to announce some further changes to Semi-Commercial product that includes:
- Reduction in the minimum loan from £1m to £500k
- Interest rates from 6.69% for loans between £500k – £1m
- Maximum LTV of 70%
This is in addition to the below Semi-Commercial changes that were confirmed earlier this month:
- Interest rates from 6.49% for Semi-Commercial loans over £1m
- Increase of maximum LTV from 65% to 70% on Semi-Commercial loans
We know that your investor clients are adapting to the change in the interest rate environment. As a strong supporter of Semi-Commercial Investment over the years, we believe these often higher yielding assets are well positioned to thrive in the current market. We’re grateful for your continued support and would encourage you to reach out to your National Relationship Manager to find out more about how you can take advantage of our proposition.