Shawbrook has loosened its commercial investment criteria – raising loan-to-value ratios and giving interest-only options.
Meanwhile the lender has widened its offering for first-time investors.
LTVs
On retail units the lender is offering 70% LTV for interest-only loans and 75% for loans with part or full capital repayment options.
Properties such as GP surgeries, dental practices, veterinary clinics, and nurseries are now eligible for up to 75% LTV on interest-only, part, or full capital repayment loans.
Meanwhile the lender offers loans on industrial units up to 75% LTV for interest-only loans.
To aid mixed portfolios, Shawbrook offers blended LTVs based on the individual security values within a portfolio.
First-time landlords
First-time landlords can apply for funding for semi-commercial properties.
Shawbrook will offer a maximum loan size of £750,000, applicable to assets with up to two commercial units and six residential units.
The lender already offers products for new landlords looking to invest in smaller Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).
Rising commercial interest
Daryl Norkett, director of real estate proposition, said: “We’ve seen a notable rise in investor interest in commercial assets this year, which reflects renewed confidence among landlords in the commercial market, as they look to actively expand and diversify their portfolios.
“Our latest enhancements underscore our commitment to supporting professional property investors in the commercial and semi-commercial markets, helping them seize growth opportunities and strengthen their portfolios.”
