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Shawbrook boosts support for landlords and investors

Shawbrook boosts support for landlords and investors
Shawbrook will increase its maximum loan size to £35mn and launch a new team to provide a premium case management service (PPhotoMIX Company/Pexels)

Specialist bank Shawbrook is increasing its maximum loan size for professional landlords to £35mn. 

 

It is part of its enhanced support for professional landlords and property investors seeking larger, more complex financing solutions.

It is also launching a new team to provide a premium case management service.

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The new structured real estate team will provide, according to Shawbrook, a personalised approach for bigger-ticket loans.

This will include the ability to take cases to credit approval before valuation, providing valuable certainty early on.

The firm's managing director of real estate, Emma Cox, said: “Finance at the top-end of the market can be a labyrinth, requiring a keen eye and deep understanding to navigate successfully.

“That’s exactly why we’ve introduced a Structured Real Estate team and offering, as we want things to be straightforward for our brokers and their customers with flexible financing built around specific needs and delivered with a personal touch.

“Our commitment to premium case management means there will always be a direct line to our team of experts.”

Piragash Sivanesan has been appointed as director and head of structured real estate to lead the new team.

Shawbrook said to ensure a smooth experience, borrowers securing loans exceeding £5mn for buy-to-let and commercial and £2.5mn for bridging will benefit from a dedicated relationship manager who will shepherd their deal through the process.

These tailored loans come with “competitive” rates; 5-year fixed rates starting from 5.49 per cent for buy-to-let mortgages, 7.24 per cent for commercial loans and 6.34 per cent for semi-commercial loans, and bridging loans from 0.69 per cent per month.

tom.dunstan@ft.com

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