The lender said the product “strengthens its existing commercial offering” as it is a “straightforward solution tailored to the needs of trading businesses”.
Loans can go up to £1.25m, with the minimum loan size set at £150,000.
Variable rates and two-, three- and five-year fixed rates are available up to a maximum loan to value (LTV) of 75%.
There are also interest-only terms of up to 12 years, full or part-capital repayment terms of up to 25 years.
The criteria are focused on “affordability of repayments and the quality of the underlying property asset.”
How to get your first-time buyer clients mortgage ready
Sponsored by Halifax Intermediaries
Shawbrook said the product benefits from faster decisions and reduced documentation requirements, so the path to completion is more “efficient”.
Research from the lender found that nearly half of SME businesses are using commercial mortgages, with around a fifth planning to use them in the future.
Daryl Norkett, director of real estate proposition at Shawbrook, commented: “Commercial trading is part of Shawbrook’s DNA, so it made perfect sense to introduce a specialist mortgage product tailored to this growing need. We’ve designed it with simplicity – helping clients secure the finance they need quickly and efficiently for their business premises.
“Brokers will also benefit from our enhanced application journey, creating a smoother, more cohesive experience for both them and their clients.”
Shawbrook has been changing its commercial offering, increasing the maximum LTV for office properties to 75%.
The firm has also integrated the Bluestone Mortgages and The Mortgage Lender (TML) teams to create a “single, unified specialist mortgage operation”.
