Shawbrook overhauls commercial investment proposition

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  • 30/04/2019
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Shawbrook overhauls commercial investment proposition
Shawbrook’s has overhauled its commercial investment proposition.

 

The new offering includes rate cuts by up to 0.24% on the existing CI1 and CI2 products, loans starting from £50,000, as well as terms between two and 25 years.

The specialist lender has also launched a new complex commercial product (CC1) designed to support experienced landlords on projects that sit outside of letting a property on a standard FRI lease, such as serviced offices or multi-let units on licences.

This follows its recent announcements on the new minimum personal guarantee policy at 25 per cent of the loan amount, and the customer appetite statement, a pre-agreed loan exposure for portfolio customers delivering efficiencies across process and costs.

 

Lenders must meet landlords changing needs

Head of products and markets at Shawbrook Commercial Mortgages, Daryl Norkett, said that over the last few months the team has been working on its commercial investment proposition.

He said: “The commercial investment market has been evolving and it is vital that lenders meet landlords changing needs.

“Our new small loan product enables us to support smaller landlords looking to diversify their buy-to-let portfolios with commercial investment property, while our complex commercial product demonstrates our appetite to work with experienced landlords on more bespoke lending requirements.”

Rob Lankey, director of commercial investment (pictured), noted that political and economic turbulence was creating market uncertainty.

He added: “Shawbrook has assembled a team of industry experts with a strong track record of creating lending solutions to meet the various and sometimes complex needs of commercial property investors.”

 

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