On short-term loans and term loans up to £1,000,000 borrowers can take a 0.25% discount on the margin or a 0.25% reduction in the arrangement fee.
For term loans over £1,000,000 borrowers can opt for a 0.15% discount on the margin or a 0.25% reduction in the arrangement fee.
Karen Bennett, sales and marketing director, commercial mortgages, Shawbrook said: “As a bank which doesn’t compete with our brokers by selling directly to clients we are always looking for ways to add innovation to our product design that gives brokers the opportunity to drive more business.
“This discount is not a year-end gimmick to drive our volumes it’s a genuine feature change that we hope will increase brokers’ repeat business from their customers.”
Any new application submitted from today will be eligible for this new feature provided that the client has been party to a completed loan with Shawbrook at the time of the new application even if that existing loan has subsequently been redeemed.
The discount will not be available on simultaneous applications submitted where the client has not already completed on a loan with Shawbrook or on applications currently in the pipeline.