Shawbrook have a market update, please see below. Contact us to see how you can benefit from our support or contact Shawbrooks Sales Team here.
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Announcement
Reduced rates across our Commercial Investment offering
We’re delighted to announce that we’re reducing rates across our Commercial Investment product range.
From today, we’ve lowered our five-year fixed rates for loans over £150,000:
- Semi-commercial – 4.74%
- Commercial – 5.49%
Please note that this new pricing will be available for a limited time only.
Darrell Walker, Head of Sales
“In such a fluid market, adopting an agile and responsive approach to pricing across our Commercial Investment range has continued to provide opportunities for our customers to build and grow.
We’re delighted at how this important part of the Shawbrook proposition has evolved over the last 18 months, and thank our brokers for their ongoing support and feedback”.
All details are available in the latest version of our product guide.
Product highlights
- We can consider up to 75% LTV over 25 years
- The mortgage term can exceed the lease
- We take a sensible approach to sector experience
- We can consider complex commercial scenarios e.g. vacant commercial, change of use and serviced offices
Non-Portfolio available for product switches
In a second wave of product changes we’re making this week, we’re delighted to announce that our Buy-to-Let Non-Portfolio product is now available for product switches.
Using the same eligibility criteria as if you were submitting a new deal, the addition of non-portfolio bolsters our offering for those customers looking to product switch their loan at the end of the term.
You can download the updated Product Switch application form on Broker Hub.
Product Highlights
- Non-portfolio landlords only
- Individuals, simple ltd co, SPV and LLP applicants only
- 5 year fixed rate of 3.69%
- We can consider up to 75% LTV
- Property must meet AVM criteria and proceed based on a successful AVM result