The addition of Shawbrook will give advisers access to a range of secured loans, which provide a flexible alternative to remortgaging, enabling clients to overpay their additional loan, either by way of lump sums or regular repayment. There is no penalty and no cap on the amount that can be repaid, which can reduce the term.
Shawbrook is a market leader in the secured-loan industry, offering rates from 6.9 per cent with loans up to £200,000. These are available for prime-employed and self-employed homeowners.
John Cupis, managing director, mortgages at Sesame Bankhall Group, said:
“Sesame Bankhall Specialist Lending Services is committed to continually updating our panel of specialist lenders in order to provide advisers with access to a range of loans to suit their clients’ different needs.
“Secured loans are becoming an increasingly important product for advisers to consider. With Shawbrook’s extensive experience in this sector and competitive products, it was a natural decision to appoint them onto the panel.”
Maeve Ward, head of sales, secured lending, Shawbrook Bank, added:
“We are pleased to have been appointed to the SBSLS lender panel and are confident our products will enable SBSLS members to offer their clients the best solution available - helping raise additional finance whilst leaving their first mortgage in place. We pride ourselves on offering a personal, expert service and look forward to working closely with the SBSLS team.”
