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Shawbrook Commercial release changes to popular Short term lending range – pricing reductions and product streamlining

12 June 2018
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Recognising the increasing demand for short term finance in the property investment market with many sophisticated investors looking to add value or yield, Shawbrook has announced a revamp of its award winning Short Term Lending range. In summary, the Bank has consolidated the range from 9 products down to a far simpler 5 products, with sweeping pricing reductions across the board of up to 0.26% pm.

  • STL1: Residential security requiring no work or a light refurbishment.Up to 75% LTV with rates from 0.43% pm

  • STL2: Semi-commercial security requiring no work or a light refurbishment
    Up to 75% LTV with rates from 0.75% pm

  • STL3: Commercial security requiring no work
    Up to 70% LTV with rates from 0.83% pm

  • HR1: Residential security requiring heavy refurbishment
    Up to 75% LTV with rates from 0.60% pm

  • HR2: Semi-commercial and commercial security requiring heavy refurbishment
    Up to 70% LTV with rates from 0.83% pm

The Shawbrook Commercial team have also made improvements to criteria and will now look at applications for borrowers with no previous property experience, with commercial to commercial refurbishments and lending on vacant commercial property now also being considered.

Commenting on the improvements, Emma Cox, Sales Director, Shawbrook Commercial Mortgages;

“These improvements have been a long time coming and I am delighted to be able to announce them to kick off the summer months. The Short Term lending (STL) range has always been a top performer for Shawbrook, and we are confident that these changes will really resonate with our Broker partners and their clients.”

“All the great benefits of the old range are still in place with 0.25% discount available for repeat borrowers and no minimum interest periods or ERC’s. We are also pleased to continue to deliver for “bridge to let” investors, where the borrower looks to refinance the STL onto a mortgage with no arrangement fee.”

“The offerings’ innate flexibility has also been retained with the maximum 24 month term providing flexibility to borrowers and time to refinance or sell.”

“We have more product innovation to the Shawbrook Short Term offering coming over the summer, and I look forward to announcing these in due course”.

View our Short Term Offering