Shawbrook tightens stress rate and lending criteria

Shawbrook tightens stress rate and lending criteria

The lender has made several changes to its practices including a tougher stress rate and loan-to-income (LTI) criteria.

Mortgage Solutions understands that Shawbrook will no longer accept Agreed Notice cases – it had been one of the few lenders to do so.

The changes are:

Shawbrook declined to comment about the changes being made.