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Shawbrook Bank expands broker panel

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  • 22/08/2013
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Shawbrook Bank expands broker panel
Shawbrook Bank has announced the addition of four new broker firms to it strategic partner panel for commercial mortgages.

Boudicca, Buchler Barnett Spencer, Outside the Box and The Buy to Let Business have all been added by the fledgling lender.

Shawbrook launched the panel last September and now has 32 firms taking part following these additions.

The lender said the panel was intended for firms able to deliver high quality business and that they would receive exclusive benefits and a special commission structure.

Karen Bennett, sales and marketing director at Shawbrook Bank, said: “The programme is an increasingly valuable part of our model at Shawbrook. Because we only lend through intermediaries, the channel is right at the centre of everything we do.

“This model allows us to operate with huge efficiency. We rely on our brokers to use their expertise and understanding of each client to package a thorough application, resulting in a fast turnaround and greater volumes of business completed.”

Ying Tan at The Buy to Let Business said: “The most exciting banks at this time are working more and more closely with intermediaries, and developing these relationships – we think – is key to the continued growth of the market.”

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