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Shawbrook unveil big money loan products

Robyn Hall

March 6, 2014

The range is intended for brokers whose clients may be looking to release capital from, refurbish or purchase high value single or multiple properties.

Loans will range from £750,000 to £10,000,000, while even higher loans will also be considered.

The range will be priced from 4.20% above 3 month Libor on residential properties and from 5.10% above 3 month Libor on loans containing a commercial element.

Karen Bennett, sales and marketing director of commercial mortgages at Shawbrook Bank, said: “With the improving economy, our brokers are increasingly dealing with clients who want to have the flexibility of obtaining finance in relation to high value or multiple properties.

“We have had some great success in this area, and wanted to ensure all our brokers know that we have a strong appetite for this type of business. As these types of loans often have more specialist requirements, we decided to create dedicated products.”

The range will consist of single residential properties, HMOs, residential portfolios, commercial properties, semi-commercial properties and mixed portfolios.

A recent deal enabled a client to secure a £2.5m loan against a freehold block of 21 flats in London.


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