Related topic: Large loan

A 0.40% reduction will now apply to loans of £1m-£3m.

The mutual will now lend up to £2 million at 80% LTV

The team will provide a concierge style service for both personal and commercial cases over £1 million.

As part of the changes, Shawbrook has introduced enhanced pricing and dedicated large-loan bridging products.

The lender's new large loan range has launched with lending up to £2.5 million.

The specialist lender has aligned pricing across its two and five-year fixed rates.

The Society caters for complex mortgage cases, including clients with non-standard income, unusual property types, or those with multiple complexities.

The bank is also simplifying the minimum loan size in its standard residential remortgage range to £25,000.

The Society’s larger loan rates now start from 5.24%.

One of the new products is a later life mortgage.