You are here: Home - News -

Shawbrook tightens stress rate and lending criteria

  • 06/11/2017
  • 0
Shawbrook tightens stress rate and lending criteria
Shawbrook Bank has tightened its lending criteria on both first and second charge mortgages.

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:

  • Implementation of a 3% stress rate to both the first mortgage and second charge payments
  • Shawbrook One and Shawbrook Two have been removed from its product offering
  • No longer accepting Agreed Notice cases
  • No longer considering referrals where the LTI is over six times

Shawbrook declined to comment about the changes being made.

There are 0 Comment(s)

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions

Read previous post:
headshot of Andrew Bailey, CEO, FCA
FCA: Firms have a responsibility for ‘real world’ consumers

The Financial Conduct Authority (FCA) has unveiled its approach to future regulation for consumers with a focus on four key...