The bank completed over 90 short-term loan cases during the two-month period.
The company’s best performer was Shawbrook’s STL1 product, a short-term loan for the purchase of residential property, which has seen 85% growth since October 2013.
Karen Bennett (pictured), sales and marketing director for commercial mortgages, said: “As the mercury reached high levels for autumn, Shawbrook’s short-term loans were also hot property. It’s been great to see this response to our range and we’re proud to be able to help our brokers and clients across the country bring reinvigorated and valuable properties to the market at a rapid pace. We look forward to November and December rounding off an extraordinary year for us.”
Last month, Shawbrook’s commercial mortgages division had passed the £1bn mark in lending to SMEs and professional property investors three years after its launch in 2011.
