Shawbrook have said that this product has been created with the aim of encouraging client loyalty to brokers. Clients who have been party to a completed loan with Shawbrook can take advantage of either a discount on the margin or a reduction in the arrangement fee on their next loan. The precise discount will vary across products and the client can choose the discount that best suits their needs.
Karen Bennett, Sales & Marketing Director, Commercial Mortgages, Shawbrook Bank said:
“As a bank which doesn't compete with our brokers by selling directly to clients, we are always looking for ways to add innovation to our product design that give the brokers the opportunity to drive more business. This discount is not a year-end gimmick to drive our volumes - it’s a genuine feature change that we hope will increase brokers’ repeat business from their customers.”
