The lender has reduced rates for higher loan amounts and now has three new product bandings, based on loan sizes. The bandings are; loans over £1m, loans between £150,000 and £1m, and loans less than £150,000.
For loans over £1m, rates have been reduced and now start from 4.14% on BTL and HMO properties that are valued at 65% LTV.
Gavin Seaholme, head of sales at Shawbrook Bank’s property finance division, said: “These changes underline Shawbrook’s continued commitment to supporting the simple, the complex, and everything in-between.
“Our team have a wealth of experience lending on commercial and residential developments, in even the most complex of situations and work hard to serve customers at both ends of the market. By offering competitive rates across all loan sizes we can make our expertise and knowledge of the market accessible to as many people as possible.”
Original article featured here…
Earlier this month, Shawbrook appointed Jo Edwards as its first Director for COO Risk and Operational Resiliency.