Shawbrook's commercial mortgage enquiries almost treble in January
rob lankey

Shawbrook's commercial mortgage enquiries almost treble in January




Shawbrook Bank's commercial mortgage enquiries were nearly three times greater in January 2020 compared with the same month last year.

In an exclusive interview with Bridging & Commercial, Rob Lankey, commercial investment director at Shawbrook Bank (pictured above), explained that this was likely to be due to the “decisive election result” in December.

He also noted that some investors were “increasingly looking at the commercial property market to broaden their investment risk profile”.

“…We’re optimistic that 2020 will be a bumper year,” he added.

In April 2019, the specialist bank announced a revamp of its commercial investment product, providing improved rates and a new complex commercial offering.

In July, using the refreshed commercial investment mortgage offering, Shawbrook Bank completed a £1.94m commercial refinance and capital raise on two properties for an existing client.

Rob said: “One of our targets we never lose sight of is the need to relentlessly pursue better customer experiences.”

He also added that Shawbrook Bank was looking to further enhance its commercial mortgage range.

In addition, the bank could potentially launch some brand-new products during 2020.

“Shawbrook is constantly looking at ways to better serve our broker partners and meet the needs of our customers.”

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