Shawbrook takes its responsibility as a lender seriously so we use a stressed rate when calculating affordability.
We assume an increase to your initial rate, ensuring that, as interest rates rise and as the economy recovers, we are confident that your property will generate sufficient income to cover all of its expenses at that time. As an investment, it is essential the property generates enough income to cover its costs.
Yes. We understand how important it is for you to manage your monthly incomings and outgoings and are happy to help by changing your payment date for you, as long as the change doesn't extend the overall term of your loan.
We would like to help you and your business succeed.
You can find the terms and conditions and tariff of charges for Shawbrook property finance on our customer documents page.
We don't offer payment holidays on any of our loans; you'll need to make your payments by Direct Debit each month as they fall due.
You can make an overpayment with us at any time. There is no minimum or maximum amount you can overpay, however for some of our products you may incur an Early Repayment Charge on the amount you repay if you pay off more than 10% in a 12 month period. Please check your Offer Letter for confirmation of whether Early Repayment Charges apply to your loan.
You can pay back your loan with us at any time. For some of our products, you will incur Early Repayment Charges if you pay your loan back before the agreed end date of the loan. Please check your Offer Letter for confirmation of whether Early Repayment Charges apply to your loan.
We will require a property valuation. Your mortgage broker will instruct the valuation on your behalf. Valuation fees will be payable, and the cost can be confirmed by your broker or ourselves prior to application. The cost will be dependent on the location of your property and its value. Valuation fees must be paid upfront, are non- refundable and cannot be added to the mortgage balance.