Announcement
Commercial mortgage PROduct news!
We’re delighted to announce some enhancements to our Commercial proposition that went live this morning.
Commercial mortgages have always been a core part of the Shawbrook proposition. We’re delighted to now be able to provide you with a wider range of options for your clients.
Whether your clients are established commercial investors, or landlords looking to diversify their portfolio, our team of Commercial PROperty specialists have the expert knowledge to provide specialist finance solutions that suit your client’s needs.
Our team takes the time to understand the complexity of commercial cases, and these product improvements have been designed specifically for PROfessionals, by PROfessionals.
We’re your go-to lender for Commercial PROperty finance.
What are the changes?
- We’ve reduced the minimum loan size on semi-commercial and commercial products to £250,000
- We’ve reduced rates across some LTV bandings by up to 10bps
- We’ve increased the maximum LTV to 75% for Semi-commercial products and 65% for Commercial products
- We’ve re-introduced retail assets as acceptable security
- We’ve relaxed our experience criteria to accept applications from Buy-to-Let landlords who have owned and managed at least two investment properties for at least two years
- Maximum loan terms have changed to 12 years on interest only and up to 25 years for capital repayment loans
- Fixed rates available for 2, 3, 5 or 10 year periods catering to a wide range of customer needs
- Lending criteria has been updated and we now require office buildings valued in excess of £2m to have a minimum EPC rating of ‘C’
Why choose Shawbrook?
At Shawbrook we understand the complexity of commercial cases.
We’re committed to delivering the best outcomes for you and your clients, so our ‘best of both’ approach automates the quick decisions that flow through our MyShawbrook platform, and therefore allows our team of specialists to spend more time getting to the heart of your case.
We put the PRO in PROperty finance.
Our new proposition highlights
With the changes above, here are the features of our Commercial proposition that you can take advantage of:
- Auto-decisioning with MyShawbrook
- Loans from £250,000
- Commercial up to 65% LTV
- Semi-Commercial up to 75 LTV
- Minimum personal guarantee of 25%
- No debentures