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
Revamped Commercial Investment Offering
We’re excited to reveal our refreshed Commercial Investment offering, which includes:
- A new limited-edition 70% LTV tranche added to our Semi-Commercial range
- A simplified product structure based on mortgage size
- Reduced rates, now starting at 4.89%
- The removal of our complex commercial product
We hope these positive changes demonstrate our commitment to supporting this market, and to continually enhancing our offering to meet the needs of you and your clients.
Limited-edition Special.
We’ve launched a new 70% LTV tranche to our Semi-Commercial offering, available on a 5-year fixed rate at 5.34% on mortgages over £150k.
Product and Pricing Restructure
Much like our recently refreshed BTL range, we have introduced 3 product bandings based on mortgage size, which are:
- Over £1m
- Between £150,001 – £1m
- Up to £150k
Pricing has reduced across the range, with rates now starting as low as 4.89% on semi-commercial mortgages over £1m.
All pipeline cases at pre-offer stage will proceed on the new rates outlined in our updated product guide. Cases which have received a formal offer, will proceed on the previously agreed rates.
Complex Commercial
o further simplify our offering, we have removed our Complex Commercial product but can still support complex transactions such as vacant commercial, change of use, serviced offices, licences and short leases on our standard and more competitive commercial investment product.