Loans are available up to £1.25m, with interest-only terms of up to 12 years.
Criteria is focused on the affordability of repayments and the quality of the underlying property asset.
The new offering aims to allow borrowers to benefit from faster decisions, reduced documentation requirements, and an efficient path to completion.
The lender’s existing completions processes are available, including non-represented legals for refinances and the use of title insurance for eligible cases.
- The Finance Professional Show 2024: The Video
- Shawbrook introduces 70% LTV option for office investments
- Shawbrook integrates TML and Bluestone teams
Features of the new product include:
• rates from 6.59%
• loans from £150,000-£1.25m
• variable rates and two-, three- and five-year fixed rates available
• 75% max LTV
• Interest-only terms of up to 12 years, full or part-capital repayment terms of up to 25 years
Daryl Norkett, director of real estate proposition at Shawbrook (pictured above), commented: “Commercial trading is part of Shawbrook’s DNA, so it made perfect sense to introduce a specialist mortgage product tailored to this growing need.
“We’ve designed it with simplicity, helping clients secure the finance they need quickly and efficiently for their business premises.
“Brokers will also benefit from our enhanced application journey, creating a smoother, more cohesive experience for both them and their clients.”
Leave a comment