Shawbrook revamps commercial investment proposition
By Sam MonkShawbrook's commercial mortgages team has announced a revamp of its commercial investment product
Section: Products
The proposition offers improved rates — on the existing CI1 and CI2 products — as well as loans starting from £50,000, with terms between two and 25 years.
A new complex commercial product (CC1) — designed to support experienced landlords on projects that sit outside of letting a property on a standard FRI lease — has also been introduced.
“The commercial investment market has been evolving and it’s vital that lenders meet landlords changing needs,” said Daryl Norkett, head of products and markets for Shawbrook Commercial Mortgages (pictured above).
“Our new small loan product enables us to support smaller landlords looking to diversify their BTL portfolios with commercial investment property, while our new complex commercial product demonstrates our appetite to work with experienced landlords on more bespoke lending requirements.”
Rob Lankey, director of commercial investment at Shawbrook, added: “We believe many opportunities remain for specialist solutions from a specialist lender and Shawbrook [is] superbly placed to assist, supported by these new products.”
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