Shawbrook brings out structured real estate team

The team will offer a “personalised, and expert-driven approach for bigger-ticket loans offering flexible solutions, including the ability to take cases to credit approval before valuation, providing valuable certainty early on”.

Sivanesan will be director and head of structured real estate. He joins from United Trust Bank for over a year as director for property finance.

Prior to that he was founder at Totum Finance for around seven years and before that was a director at Natwest Corporate and Institutions for over four years and an associate director at Lloyds Bank for over eight years.

Borrowers securing loans exceeding £5m for buy to let and commercial and £2.5m for bridging will have a dedicated relationship manager.

The “tailored loans” will have competitive five-year fixed rates beginning from 5.49 per cent for buy-to-let mortgages, 7.24 per cent for commercial loans and 6.34 per cent for semi-commercial from £5m to £35m. Bridging loans start from 0.69 per cent.

Emma Cox, managing director of real estate at Shawbrook, said: “Finance at the top-end of the market can be a labyrinth, requiring a keen eye and deep understanding to navigate successfully.

“That’s exactly why we’ve introduced a structured real estate team and offering, as we want things to be straightforward for our brokers and their customers with flexible financing built around specific needs and delivered with a personal touch.

“Our commitment to premium case management means there will always be direct line to our team of experts. We’re delighted to have Piragash on board and his new team, with a wealth of property experience is perfectly poised to deliver consistent, adaptable funding solutions, fuelling investor growth well into the future.”

Laurence Foux, director at Business Finance 1st, added: “In a world of technological enhancements, it’s nice to see Shawbrook tailoring its approach to cases that require a more hands-on approach.

“This was a large portfolio refinance and it was great to see the team meeting the client, taking the time to understand their ambitions for the portfolio and providing funding to support them. Investing the time paid dividends.”