Shawbrook, the specialist UK savings, development finance, and bridging finance bank, has expanded the remit of its new Enterprise group, led by Neil Rudge, managing director for business finance.
This follows the coming departure of John Eastgate, managing director for property finance, who will leave Shawbrook at the end of November. He joined the bank in 2019.
From December, Enterprise will manage Shawbrook’s business and property customers, products and operation. Emma Cox, sales director for property finance within Enterprise, will be responsible for customers, distribution and proposition, reporting directly to Neil Rudge.
A Shawbrook Bank spokesman said: “John has made a significant contribution to the bank, employing his experience and expertise to help bring the organisation to this point in the journey, and we wish him well for the future.
“Property remains a core and critical market for Shawbrook and we fully intend to grow our share through further innovation and by continuing to develop best in class service for our intermediaries and partners.”
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Shawbrook recently announced a new BTL mid-range product for portfolio landlords who own simple property types. Those customers who meet the criteria will be able to benefit from a reduced 5-year fixed rate of 4.09%, up to 75% LTV.