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Shawbrook widens residential bridging distribution

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  • 05/02/2016
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Shawbrook widens residential bridging distribution
Shawbrook has opened up its distribution channel for regulated bridging mortgage products after a successful trial last October.

The pilot was restricted to its strategic partners during systems and processing testing. Following the completion of several cases the lender is confident it can widen its broker panel without damaging service.

There are two products in the range, one has the addition of a refurbishment option. Rates start from 0.59% a month with a maximum loan cap of £2,500,000 applicable to both mortgage products.

Karen Bennett, sales and marketing director of commercial mortgages, (pictured) said: “Since the launch of these two products in October 2015, we’ve seen a strong demand in the market and we are happy with the performance of our systems and processes.

“We hope this increased access will allow more customers to benefit from these products and look forward to the impact they have for our brokers and their businesses.”

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