In addition to Shawbrook’s recent new products and the existing customer discounts on offer, these changes will help brokers better serve their trading business and property professional clients alike.
Each updated product will now contain more LTV pricing bands in order to increase its flexibility. Moreover, Shawbrook is reducing the rates across every band on each product. The reduction in rates varies from 5bps to 35pbs depending on the product and price banding.
The following products are affected: residential investment products (including single residential properties, HMOs and student lets, portfolios and refurbishments); commercial investment products (commercial properties and semi-commercial properties, both single and portfolios); and trading business products (including commercial and semi-commercial properties, both single and multiple).
Karen Bennett, Sales & Marketing Director, Commercial Mortgages, Shawbrook Bank:
“Our business is built around our broker partners and we aim to be the best at what we do because brokers deserve nothing less. When we realised that 50 per cent of our business was written below 60 per cent LTV we re-evaluated our pricing and decided to introduce more LTV buckets as well as pricing improvements at all LTV levels. We never rest on our laurels and alongside our recent new product launches we want these changes to help brokers attract even more deals.”
