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 9 years ago

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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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