Related topic: Buy-to-let

The lender has also removed the 5.5% minimum stress rate requirement on five-year buy-to-let products.

Two-year fixed rates now start from 4.65%.

Residential and buy-to-let rates are both reducing as part of the changes.

Rates have reduced by up to 0.35%.

The new range includes new two-year fixed rates for both buy-to-let and semi-commercial.

The lender has cut rates by 15 basis points across all products.

The Society has also increased the discount on its variable rates.

The buy-to-let lender has launched sub-4% two-year fixed rates.

Rates have reduced by between 40-50bps.

Further work is now underway to fully integrate PEXA into Shawbrook’s application journey.