Shawbrook, the specialist UK savings, development finance, and bridging finance bank, has made a series of reductions across its commercial and semi-commercial range. These cuts apply to variable rate products on loans over £100k.
The specialist lender is now offering rates starting from 5.19%.
In the commercial range the cuts are; 65% LTV reduced to 5.89% and 75% LTV reduced to 6.39%. In the semi-commercial range the cuts are; 55% LTV and 65% LTV reduced to 5.19% and 75% LTV reduced to 5.79%.
Gavin Seaholme, Head of Sales at Shawbrook, said: “The commercial investment sector has been faced with great change and uncertainty over recent months, but we remain fully committed to helping brokers maximise the abundance of opportunity that still exists.
“We’re proud of our commercial investment offering and hope by making our rates more competitive, we send a clear signal of our continued commitment to this market.”
Original article featured here…
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