The facility marks Shawbrook's first transaction in support of a Scottish-based lender.

The BDLA's membership now exceeds 90 organisations.

Three case managers and a business development executive are among the new hires.

Total membership is now approaching 100 organisations.

The new rates will benefit investors and developers seeking short-term funding for purchases, refurbishments, and capital raising.

The lender says the new mortgage division will offer a more joined-up approach to distribution and better service for brokers.

The lender is also launching a new larger loan offering.

42,000 borrowers expected to take out a secured loan in 2025 at current rate of lending.

The lender is expanding its offering beyond the prime property sector.

It will also accept applications for capital raising where the applicant has sufficient equity in an existing property.