rate cut

Shawbrook cuts rates on unregulated bridging loans over £1m




Shawbrook has reduced rates across its unregulated bridging offering.

Prices now start from 0.40% per month.

Previously, rates began at 0.50% per month.

The changes impact the specialist lender’s bridging proposition on loans over £1m across residential, semi-commercial, commercial, and heavy refurbishment products.

“At Shawbrook, we are committed to providing a competitive bridging proposition,” said Gavin Seaholme, head of bridging and second charge.

The recent restructuring of the real estate team to establish a focused bridging and second-charge team highlights this long-term dedication to help our brokers provide more choice to customers.

“Our rates are coupled with a strong expertise and understanding of the bridging market and wider property landscape.”

Shawbrook’s unregulated bridging range caters for loans between £50,000 and £15m.

Rates on the lender’s regulated bridging products remain the same.

Changes to Shawbrook’s bridging range follows a recent reprice across its commercial offering.

 

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