Commercial Mortgages

All Commercial Mortgages FAQ's

Why do you apply a stress to your income calculations?

Shawbrook takes its responsibility as a lender seriously so we apply a stressed LIBOR rate when calculating affordability.

Can I change my payment date?

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.

Can I borrow additional money from Shawbrook?

We would like to help you and your business succeed.

What if my loan completed before January 2011?

If your loan completed before January 2011, you may be on a different version of LIBOR. If you think this may affect your loan, please contact us on 0345 848 0223.

I have a short term loan with you - can I extend it?

We can't ordinarily consider an application to increase your loan term (unless there are exceptional circumstances that have caused your project to overrun). However, we will gladly consider a new application from you for a longer term mortgage product on the property. Give us a call on 03301 234 522 and we can work out the options that are available for you.

Can I take a payment holiday?

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. 

Can I make an overpayment?

You can make an overpayment on your loan 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.

Can I redeem my loan early?

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.