Finance available: Buy to let mortgages. Commercial mortgages. Short-term finance. Refurbishment mortgages.
Access: Shawbrook Bank is a specialist buy to let lender only accessible through a select panel of intermediaries, including Mortgages for Business.
Buy to let mortgages: It lends to experienced landlords, considering applications from individuals, partnerships, limited companies and ex-pats. We tend to approach Shawbrook Bank for the more complex cases, those which don’t fit the lending criteria of the high street lenders. Unlike the majority of buy to let lenders it doesn’t restrict the number of properties it will lend on and will consider loan amounts up to £10m.
Shawbrook has already implemented the required revisions to its processes and systems to ensure they fall in line with the new PRA underwriting standards that come into effect from the 1st October.
Commercial mortgages: Shawbrook lends to small and medium size businesses. For commercial investment purchase and remortgage purposes it will lend on mixed use properties, retail units, offices and modern industrial units. It doesn’t restrict the number of properties on which it will lend and can consider lending up to £10m.
For owner-occupiers it will consider retail units, offices, modern industrial units, garages, restaurants, cafes, hotels and pubs. Borrowing can be made in individually, as a partnership, LLP or limited company.
Short-term finance: Shawbrook offers short-term finance for purchases, refinances and light/heavy refurbishments. It can be a good options for professional investors, landlords and developers as it does not require borrowers to generate any income outside of their property portfolio. It will consider loans from £50k to £15m to 70% LTV for terms up to 18 months.
To access this lender call The Deal Placement Team on 0345 148 9238 now.
Lenders change their criteria on a regular basis, so this page should be used as a guide only. We will do our best to keep it up to date.
Last updated: 19/11/2018
Shawbrook in the news:
Shawbrook Commercial aligns systems with new PRA regulations
January sees UK lenders launch raft of new and revised products
Shawbrook introduces new regulated bridging mortgage products
Spring cleaning for Shawbrook and Accord as they cut prices and launch new products
Shawbrook offers new interest-only mortgage solution to over 55s
