Mortgage News
Shawbrook Bank passes £1bn commercial mortgage lending mark
Shawbrook Bank’s Commercial Mortgages division has today passed £1bn in lending to SMEs and professional property investors in the three years since launch in 2011.
The bank’s commercial loan book grew from £356m in June 2013 to £716m in June 2014.
Shawbrook, in total, recorded lending of £1.96bn at the end of June 2014, up from £1.03bn in June 2013.
The commercial mortgages team offers a range of property finance, 84% of which goes to property investors and 16% to trading businesses.
It is an intermediary-only lender and the loans range from short term finance to residential investment and residential refurbishment loans, as well as commercial loans for both investment and trading purposes.
Stephen Johnson, managing director of Shawbrook Bank Commercial Mortgages, (pictured) said: “Partnership has always been at the heart of our approach and we’re gratified to see how well received our specialist lending model has been among property investors and SMEs.”
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