< p>The commercial mortgages division of Shawbrook Bank has released two legal guides for its broker partners in order to clarify its legal processes.

The guides have been produced in order to assist solicitors’ understanding of the bank’s legal procedure for purchases cases so that they are aware of the legal requirements at an earlier stage in the transaction.

As a result, this will speed up transaction times as borrowers’ solicitors will now be able to begin the legal process before Shawbrook instructs its own solicitors.

“As part of our dedication to pragmatic lending, Shawbrook has released a number of guidelines over the last few months to help clarify our lending requirements and credit appetite across the industry,” commented Karen Bennett, Sales and Marketing Director of Shawbrook Bank Commercial Mortgages.

“The conveyancing space has always been a complex area and we have worked closely with the Pure Law team to develop a set of guides that we hope will pre-empt many common questions that have historically caused roadblocks in the process, ensuring a positive journey for brokers and their customers.”

The guides, available on an exclusive-only basis to Shawbrook’s Broker Partners, cover purchases cases that are eligible for the bank’s ‘Fast Track’ process, as well as other Full Title purchases, highlighting which loans qualify.

Shawbrook, which revealed yesterday the appointment of Ian Cornish as Chairman of the company, has published other guides on FCA permissions and HMO valuations.