Shawbrook has reduced interest rates on its commercial and semi-commercial mortgage offerings by up to 35 basis points.
The lender has also reduced interest rates by up to 50 basis points on its range of commercial commercial mortgages on selected two-, three- and five-year products aimed at owner-occupiers and commercial businesses looking to purchase or refinance.
Shawbrook director of real estate proposition Daryl Norkett said: “As activity in the commercial real estate market continues to increase, these latest rate reductions provide even more value while reinforcing our commitment to making it easier for agents to do business with Shawbrook.”
Meanwhile, Keystone Property Finance is increasing its fixed interest rates by 20 basis points.
The lender’s buy-to-let rate now starts at 3.49%.
For example, a two-year fixed buy-to-let rate for a single rental starts at 5.74% at 65% LTV and 5.89% at 75% LTV, with a 2.5% fee.
The five-year interest rate starts at 5.89% at an LTV of 65% and rises to 6.44% at an LTV of 80%, also for a fee of 2.5%.
Rely will withdraw and reprice its entire range, at increased rates, from 5pm today, July 21st.
Elsewhere, rising swap rates are causing many lenders to increase fixed-rate mortgage prices, with Santander adding 20 basis points to many products yesterday.