Shawbrook widens regulated bridging distribution

Ryan Bembridge

February 5, 2016

Shawbrook Bank has made its regulated bridging range available to all broker partners.

The range, which was initially restricted to Shawbrook’s 38 “strategic partners”, has now been tested and Shawbrook said it is confident it can maintain its service driven case-by-case lending approach with wider distribution.

Its products are RB1 (no refurbishment) priced from 0.59% per month and RB2 for light refurbishment priced from 0.65% per month. Loan sizes range from £50,000 to £2,500,000.

Karen Bennett, sales & marketing director of commercial mortgages, said: “Since the launch of these two products in October 2015, we’ve seen a strong demand in the market and we are happy with the performance of our systems and processes.

“Based on feedback from our strategic partners, we are now very comfortable that our award winning service can be maintained across a wider distribution platform.

“We hope this increased access will allow more customers to benefit from these products, and look forward to the impact they have for our brokers and their businesses.”

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