Shawbrook cuts rates and fees across range
On its residential range arrangement fees can be added to the loan outside of the loan to value calculation and following the 0.60% rate cut, rates will start from 4.75% above three month LIBOR.
The commercial enhancements include rate reductions up to 0.35% on semi commercial products.
Karen Bennett, head of sales and marketing of commercial mortgages, said: “We want to make Shawbrook the lender to follow in 2013 and we introduced these exciting improvements as a sign of our intent. Brokers are at the heart of our business and we value the strong relationships we share.
“There is more good news to follow, so watch this space.”