Shawbrook Bank is soon to be extending the latest reduction in its arrangement fees beyond its Strategic Partners to all broker partners, establishing the firm as the commercial lender to follow in 2013.

As of Monday 11th February 2013, all broker partners of the Bank will be able to take advantage of the changes it has made to its products which include a 0.8 per cent reduction in arrangement fees and up to 0.6 per cent reduction in margin.

The reduced arrangement fee applies to all of the lender’s term products (RI1,2,3, CI1,2 & TB1,2) to just 1.7 per cent; on a £250,000 deal this amounts to a £2,000 reduction.

The changes have been available to Shawbrook’s Strategic Partners since Tuesday 29th January, and all cases can benefit from the improvements even if they are currently being processed prior to the full mortgage offer.

On residential investment products, Shawbrook can lend on single properties, portfolios, multi units, HMO’s and student lets; the Bank will lend to both individuals and limited companies and do not restrict the number of properties a client can own or the business activities of the limited company.

Rates on residential investments now start from 4.75 per cent above three month LIBOR and its typical 75 per cent LTV product is now 4.95 per cent above three month LIBOR.

The arrangement fee will be charged at 1.7 per cent and will consider loans up to a value of £10 million.

On commercial investment products, Shawbrook will lend on both full and semi-commercial properties but where there is a separate residential element, there is a reduction in the margin.

Semi-commercial rates have been reduced by 0.35 per cent which now starts at 5.2 per cent above three month LIBOR for up to 70 per cent LTV.

Arrangement fees on these products will also be charged at 1.7 per cent and loans from £750,000 to £5 million will be considered.

Other changes apply to Shawbrook’s medium term refurbishment product which will lend 70 per cent LTV of the after-work’s value in order to release capital for the client’s next project.

Rates on this product have been reduced by 0.5 per cent to 4.95 per cent above three month LIBOR, however, the arrangement fee remains at 2.5 per cent.