Shawbrook Bank has rolled out a series of criteria changes designed to support both new entrants and seasoned investors in expanding their property portfolios.
It’s broadened its scope for multi-unit freehold blocks (MUFBs), now welcoming first-time landlords seeking MUFBs up to six units.
Shawbrook has also enhanced its commercial proposition by increasing the maximum LTV to 75% for industrial properties, offering loans available on interest-only, part-capital, or full capital repayment. This supports landlords in diversifying their portfolios with commercial properties, with rates starting from 7.39% at 75% LTV.
Recognising that SME landlords are meeting growing demand for social housing in the UK, Shawbrook has also enhanced its proposition for lending on these types of properties. Shawbrook’s Complex Buy-to-Let products are available on single let or HMO properties let to social housing or supported living operators.
It 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. This strategic change aims to provide landlords with a variety of lending solutions, delivering specialist finance to their diverse customer base.
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Who in their right mind other than the Corporates would invest in the PRS?!
Only a crackpot or those being scammed by these property courses would invest in UK property right now. The UK is a total disaster.
The private rental in the uk is finished with the loss of section 24 and now section 21..
Get out while you can.
75% of private rental have sold up to date.
Extra tax when you buy, extra tax when you sell, extra tax when you rent out - why would anyone buy a property to rent out to someone who may just cause mayhem?
The alternative? Money in a savings account, earn 5%, none of the extra taxes that Tricia mentions, and no stress.
Or if you want a little stress in your life, there are many more asset classes that offer much more attractive potential returns than UK residential property. The mind boggles at anyone who is buying property right now!
My spare cash went into a savings account for 12 months at 5.5% until I can see what is happening to the PRS.
Not the best idea, but better than it just sitting in my regular savings account until I can see what is going to happen to the PRS under a Labour government.
I don't have any mortgages but banks these days seem to be increasing their interest in BTL landlords. Maybe the first time buyers are not buying?
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