Shawbrook has some immediate changes that they are making to their buy-to-let, commercial and semi-commercial fixed rate products.
These changes began to take effect at 5.30 pm, Friday 23 September.
Please note that existing pipeline cases will not be impacted.
All cases where at least an IMO has been issued (that is less than 14 days old) before 5:30 pm on Friday 23 September honoured on the existing rates. However, if there is no change in case of status within 14 days of the IMO being issued, the case will have to proceed on the new rates (if applicable).
Please refer to the following tables for product pricing which is lived and applicable from 5.30 pm Friday, 23 September:
Buy to Let
Commercial
Shawbrook likes to give notice of these changes and is mindful of the impact on your businesses and customers. For this notice, the timing was unfortunately unavoidable but they will continue to provide a fair notice period where they can for future pricing increases.
It is important to them that they provide you and your clients with clarity and certainty so please do contact them if you require support or further information. These changes will be reflected on their website and product guide ASAP, which will also include Shawbrook Base Rate and legal fee updates.