In addition, the new lender will now consider applications for mortgages up to £2.5M on bespoke terms.
Intermediary First director, Justin Marsh, commented:
“Shawbrook had always expressed a commitment to lending in Scotland and we are delighted that this has now gone live. We have also seen an increase in loan application sizes which Shawbrook clearly have an appetite for. It’s excellent news and another boost for the intermediary market.”
Shawbrook offer loans for commercial owner occupiers and investors in residential, semi-commercial and commercial property with innovative product features.