Shawbrook launch new BTL products for the rush before Stamp Duty increases

Shawbrook launch new BTL products for the rush before Stamp Duty increases

11:00 AM, 28th January 2016, About 8 years ago

Text Size

shawbrookShawbrook Bank are one of the most flexible lenders for property investors with real underwriters that will look at individual cases and a whole range of criteria and products from standard BTL to Refurbs and Bridging facilities.

They have just released a new range of BTL products to attract business from the rush to get purchases completed before the 3% increase in Stamp Duty for anyone purchasing a second or investment property.

These new products carry a maximum interest only period of 30 years which is a particularly attractive element of the extended Residential Investment offering, as well as fixed terms of 3, 4 and 5 years.

For simple residential assets
• From 2.99% above 3m LIBOR*
• Let to single households, private tenants
• Property does not require any works prior to tenancy

For HMOs
• From 3.49% above 3m LIBOR*
• Small HMOs – up to 6 beds
• Let to private tenants and students
• Property does not require any works prior to tenancy

For Multi-units
• From 2.99% above 3m LIBOR*
• Freehold block of up to 4 flats on one title
• Freehold block of up to 4 flats with separate leaseholds
• Property does not require any works prior to tenancy

*Shawbrook Bank applies a minimum floor of 0.75% to the LIBOR rate. If and for so long as the LIBOR rate falls below 0.75%, LIBOR will be deemed to be 0.75%.

If you need assistance with any type of property finance please complete the form below and we will be happy to help.

You can also use our mortgage sourcing too click here

Form to Contact Property118

  • Please give us a few details so we can investigate and call you back

Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now