Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Shawbrook Cuts Commercial Mortgage Rates as Keystone Raises Buy-to-Let Fixes

Shawbrook has reduced rates across its commercial and semi-commercial mortgage range by up to 35 basis points. At the same time, Keystone Property Finance has increased its fixed buy-to-let rates by 20 basis points.

Shawbrook has also trimmed rates by up to 50 basis points on selected two-, three-, and five-year commercial trading mortgage products. These products are aimed at owner-occupiers and trading businesses looking to buy or refinance.

Keystone Property Finance’s buy-to-let rates now start from 3.49%. For example, a two-year buy-to-let fixed rate for a single let starts from 5.74% at 65% loan-to-value (LTV), and 5.89% at 75% LTV, both with a 2.5% fee. Five-year fixed rates start from 5.89% at 65% LTV, rising to 6.44% at 80% LTV, also with a 2.5% fee.

Rely will be withdrawing and repricing its entire range, with increased rates, from 5pm on 21 July.

Elsewhere, rising swap rates are leading many lenders to increase fixed-rate mortgage prices. Santander has added 20 basis points to many of its products.

These changes may affect letting agents and inventory clerks monitoring mortgage product shifts for landlords and property investors.