Shawbrook provides broker clarity on large loans
Shawbrook Bank’s commercial mortgages division has released material for its broker partners, designed to help clarify the bank’s appetite to lend on large loans.
The documents, which include a number of top tips and case scenarios to help support brokers with large loan applications, are available exclusively to the lender’s broker partners.
Shawbrook has outlined its appetite to consider large loan applications from £750k to £15m across all asset classes, from residential, portfolio lending, HMOs and student lets, through to semi-commercial and commercial properties.
The bank has also highlighted its short-term loan offering for large loans, which are particularly popular with borrowers looking to buy property and add value, with the intention of switching onto a longer-term solution.
Karen Bennett, sales and marketing director, commercial mortgages, Shawbrook Bank said:
“As part of our on-going commitment to pragmatic lending, our recent focus around large loans is intended to provide further support for our broker partners and help clarify our appetite for this loan type.
“We have a dedicated team with in-depth experience, ready to help brokers navigate this complex area and would encourage our partners to make use of the team’s expertise to help their clients achieve the right outcome.”