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Shawbrook simplifies BTL range and launches online application form

Shawbrook Bank has taken further steps to improve its BTL range and streamline the application process for its brokers and customers. In 2019 it simplified its BTL range from 10 to 7 products, but this now stands at a total of just three products; Single BTL, Complex BTL and Large HMO.

Single BTL has been designed with property investors looking to borrow under £750k in mind, whilst those looking to borrow more, or for portfolios and small HMOs, fitting into the Complex BTL product. The final product, Large HMO, will target those looking to purchase or refinance a HMO with 7 or more occupants. Interest rates have been adjusted accordingly to the new products, which now start from 3.25%.

Alongside this announcement, Shawbrook has also launched a brand new buy-to-let online application form. This is now available for all BTL and HMO applications that have received an Indicative Mortgage Offer and looks to help the application process be as quick and effortless as possible.

Emma Cox, sales director, property division at Shawbrook Bank, said: “After hearing the positive feedback around our refresh late last year, we immediately looked to take another step towards further improving the broker and customer experience with Shawbrook.”

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