Shawbrook Bank has made a double announcement, revealing an improved range of 13 tailored loan products alongside the introduction of a Strategic Partner programme.

The programme, launched for the lender’s network of brokers, is designed to recognise those who consistently produce the highest quality applications and boast the most successful conversion rates. 

Initially 18 brokers have been selected who meet the criteria set out by Shawbrook, which includes the level of conversation rates achieved on initial submissions and the rate of ultimate conversion to successful loan completion. 

Strategic Partners will receive exclusive process and marketing benefits as well as a higher commission structure to reflect the lower processing costs associated with completing the business they submit.

The announcement coincides with the release of 13 tailored loan products which cover, amongst other sectors, residential investment property, commercial investment property and trading businesses.  

Strategic Partners will have access to these ahead of Shawbrook’s wider network of broker partners.

Stephen Johnson, Managing Director of Commercial Lending at Shawbrook Bank, said: “Brokers are a lynchpin in our business and we value their knowledge and market expertise. For our brokers and for Shawbrook, efficiency is key to completing deals, and we launched the Strategic Partner programme to recognise and encourage the highest quality of business. We are excited to be able to reward the highest performers whilst remaining firmly committed to working with all of our broker partners.

“We have an ambitious plan for growth and are looking to work efficiently as we can to ensure we deliver the highest quality of decision making and an efficient completion process. Our new suite of products dramatically extend the scope of our lending and are the result of regular discussions with our broker partners - whose input has been vital in shaping the criteria and product features.

“We are committed to working with brokers and intermediaries to provide straightforward, no-nonsense banking to businesses and individuals in the UK. We remain convinced that conditions are very favourable for a new bank that is well funded, free from legacy problems and committed to delivering the best possible customer service.”