Announcement
Changes to our legal fees
We wanted to give you advanced notice about changes to our legal fees and how we plan on reacting to any Bank of England Base Rate changes.
Changes to legal fees
As of Monday 26 September, we will be increasing our legal fees for Buy-to-Let and Commercial & Semi-Commercial cases. Depending on loan size, fees have increased by £100 – £400.
Any IMOs issued before 5.30pm on Friday 23 September will remain on the existing legal fees. Any IMOs issued after this time will reflect the new legal fees.
Bank of England Base Rate
Scheduled for this Thursday, 22nd September, we will be keeping close to the news of a Bank of England Base Rate decision. If, as anticipated, Base Rate is to change this may impact Shawbrook Base Rate (SBR) and our variable Buy-to-Let and Commercial Investment rates.