Shawbrook updates pricing

Each new product will now contain more LTV pricing bands in order to increase its flexibility.

Karen Bennett, sales and marketing director of Commercial Mortgages at Shawbrook Bank, said: “When we realised that 50% of our business was written below 60% LTV we re-evaluated our pricing and decided to introduce more LTV buckets as well as pricing improvements at all LTV levels.

“We never rest on our laurels and alongside our recent new product launches we want these changes to help brokers attract even more deals.”

Shawbrook is reducing the rates across every band on each product, with the reduction varying from 5bps to 35pbs depending on the product and price banding.

Residential Investment, Commercial Investment and Trading Business products are all affected.