Commercial News

Shawbrook Bank revamps commercial investment offering

Rozi Jones -
|
15th July 2021
Gavin Seaholme Shawbrook

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% 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: Up to £150,000, between £150,001 and £1m, and over £1m.

Rates have been cut across the range, with rates now starting at 4.89% on semi-commercial mortgages over £1m.

Shawbrook has also added a new 70% LTV tranche to its semi-commercial offering, available on a five-year fixed rate at 5.34% on mortgages over £150,000.

Additionally, the Bank has removed its complex commercial product, and instead will continue to support complex transactions via its revamped standard product suite.

Gavin Seaholme, head of sales at Shawbrook Bank’s property finance division, commented: “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.

“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.”

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