Shawbrook has announced rate reductions across its complex and limited edition buy-to-let (BTL) products, with some rates cut by up to 30 basis points.

The restructured pricing includes loans between £1m and £5m with a 5- and 10-year fixed loan rate now at 6.34% for 65% loan-to-value (LTV) and a reduced rate of 6.44% for 75% LTV.

Additionally, 3-year fixed rates are now 6.49% at 65% LTV and 6.59% at 75% LTV, with 2-year fixed loans at 6.54% and 6.64% respectively.

Further reductions are seen in the limited edition complex BTL product range. For example, 5-year fixed-term loans have been lowered to 5.84% at 65% LTV and 5.94% at 75% LTV.

2-year fixed-term rates now stand at 5.44% at 65% LTV and 5.54% at the maximum 70% LTV.

Daryl Norkett, director of real estate proposition at Shawbrook, said: “At Shawbrook we have always been committed to delivering competitive rates on our buy-to-let products.

“These latest pricing reductions demonstrate our strong appetite to support brokers and professional landlords with a wide choice of lending products.”

Norkett added “Customers are now able to benefit across 2-, 3-, 5-, and 10-year fixed rates which have been reduced by as much as 30 basis points.

“As a trusted partner to brokers, we pride ourselves on offering competitive, flexible financing to support our professional landlord clients as and when they need it.”