Shawbrook Bank revamps Commercial Investment Offering
Shawbrook Bank has announced a series of changes to its Commercial and Semi-Commercial Investment range, including a revised pricing structure based on mortgage size, and a new 70 per cent LTV limited-edition special tranche.
The specialist lender has introduced a simplified product structure, mirroring the revamped Buy-to-Let offering announced earlier this year. Its Commercial Investment offering is now split into three product bandings based on mortgage size:
- Over £1m
- Between £150,001 – £1m
- Up to £150k
Rates have been cut across the range, with rates now starting at 4.89 per cent on Semi-commercial mortgages over £1m.
Shawbrook has also launched a new 70 per cent LTV tranche to its Semi-commercial offering, available on a 5-year fixed rate at 5.34 per cent on mortgages over £150k.
In another positive move the bank has also removed its Complex Commercial product, and instead will continue to support complex transactions via its revamped standard product suite making the proposition even simpler to understand for brokers and customers alike.
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 whilst becoming more competitive in the marketplace and hopefully able to support even more customers with our new limited edition special.
He added: “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.”