The Bank completed over 90 short-term loan cases in this two-month period, a significant figure considering an average monthly figure is around one-third of this.
The most popular performer was Shawbrook’s STL1, a short-term loan for the purchase of residential property, which has seen 85% growth since October 2013. This was followed in popularity by the STL4, intended for light refurbishment of a residential property.
Karen Bennett, Sales and Marketing Director for Commercial Mortgages, said:
“As the mercury reached high levels for autumn, Shawbrook’s short-term loans were also hot property. It’s been great to see this response to our range and we’re proud to be able to help our brokers and clients across the country bring reinvigorated and valuable properties to the market at a rapid pace. We look forward to November and December rounding off an extraordinary year for us.”
