Shawbrook reduces residential refurb fee

Sarah Davidson

February 5, 2015

The new 1.70% fee is made up of 1.45% added to the loan outside the LTV.

Karen Bennett, sales and marketing director, commercial mortgages, Shawbrook Bank said: “We believe this arrangement fee reduction will deliver value for those of our broker’s clients who are looking to buy a property to refurbish and hold.

“We’re pleased to be able to bring these changes to the market so early in 2015, but it is only the first in a series of enhancements planned for the year, which we are confident will keep Shawbrook at the forefront of the specialist lending market.”

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