Shawbrook Bank has boosted its offering to professional landlords by expanding lending criteria for MUFBs, industrial properties and social housing.
The bank now accepts first-time landlords seeking MUFBs up to 6 units.
It increased its maximum LTV to 75% for industrial properties, where it offers loans on interest-only, part-capital, or full capital repayment. Rates start at 7.39%.
Shawbrook’s complex buy-to-let products are now available on single let or HMO properties let to social housing or supported living operators.
Daryl Norkett, head of proposition at Shawbrook, said: “These enhancements not only demonstrate our commitment to meeting the evolving needs of professional landlords but also acknowledge the market’s adaptation to a higher interest rate environment.
“We’ve observed a significant rise in HMO demand, from 27% of our Buy-to-Let originations in 2022 and 2023, to 34% in 2024. Additionally, our research last year revealed that 37%* of landlords seeking portfolio expansion were interested in commercial properties for diversification.
“By expanding our criteria, we are creating more opportunities for landlords to diversify and grow their portfolios, whether through higher-yielding residential assets, commercial properties, or social housing. Our goal is to offer innovative and flexible solutions that support our clients at every stage of their investment journey.”
The bank has also released new criteria that supports landlords choosing to acquire the shares of a property-owning company, as opposed to the individual properties themselves, with no minimum loan size.
