Shawbrook Bank revises commercial range and releases limited edition product

The lender has simplified its product structure with the offering now categorised by mortgage size. 

This includes loans over £1 million, loans from £150,000 to £1 million and loans up to £50,000. 

Rates have been cut across the offering and now begin at 4.89 per cent on semi-commercial mortgages over £1 million. 

Shawbrook also launched a 70 per cent loan to value (LTV) limited edition tranche to its semi-commercial range. This is available on a five-year fix at 5.34 per cent for mortgages over £150,000. 

The lender withdrew its complex commercial products and will instead offer its standard product offering with the consideration of complex needs. 

This move is expected to make the offer simpler for brokers and clients. 

Gavin Seaholme, head of sales at Shawbrook Bank’s property finance division, said: “Our award-winning commercial offering has been enhanced even further with this revamp. We’ve managed to streamline the range while becoming more competitive in the marketplace and hopefully able to support even more customers with our new limited edition special. 

“We’re committed to the markets we serve and won’t stop looking at how we can improve our offering to meet the needs of our brokers and customers.”