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

by Neil Patterson

2 years ago

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

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

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%.

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