Shawbrook Bank has launched a buy-to-let product at 3.69% to 75% loan-to-value for thoseusing the digital portal, MyShawbrook Buy-to-Let.
The mortgage is available to non-portfolio landlords with single dwelling applications, who must use an automated property valuation (AVM).
Shawbrook said the product is intended for the more straightforward cases so its underwriters can focus on more complex cases.
Emma Cox, sales director at Shawbrook Bank, said: “This product has been designed to work in harmony with our new digital portal.
“Cases that meet the product’s eligibility criteria should sail through the new system with minimal manual intervention, freeing up our expert teams to concentrate on the more complex cases that make us specialists. In turn, this will improve the experience for all our buy-to-let customers.
“I hope this, coupled with more competitive rates across our offering, sends a clear signal of our continued support and commitment to the market.”
Alongside the product launch Shawbrook has reduced rates by up to 0.60% on buy-to-let mortgages up to £1m.
Shawbrook’s portal is available for all types of cases, offering indicative mortgage officers, AVMs and third party integrations for quicker and more consistent credit decisions.