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A £3M+ refinance of eight Nottingham properties

02 November 2017

Product: C12

Loan amount: £3M plus

LTV: 69%

A complex case for an experienced investor, this project covered eight properties, including six HMOs and two semi-commercial premises. The borrower, a client of our broker partner Empire Corporate Finance Ltd., planned to move away from a high-street bank and gain the maximum amount of finance possible.

As the borrower had some outstanding CCJs, our Lending Manager investigated, finding that the problem related to the unpaid bills of long-departed tenants. The broker's client had fully complied with all legal requests and was waiting to be cleared administratively. Our Credit Relationship Manager visited the customer - a measure we take in more complex scenarios - and the client used our 'non-rep' solicitor service, making a saving of several thousand pounds.

Just before completion, a shortfall in funding was highlighted. Our Lending Manager authorised an increased total, which allowed the case to progress successfully.


  • rates from 4.10% above 3m LIBOR
  • up to 75% LTV
  • interest only, part and full capital options
  • commercial and semi-commercial security

'This really wasn't a straightforward case...the lending team and Credit Relationship Manager at Shawbrook were pivotal in securing such a great end result.'