Applying for lending

We will require a property valuation. This may be done using an AVM (Automated Valuation Model), or by a valuer visiting the property.

Your mortgage broker will ask us to instruct the valuation on your behalf. Any valuation fees payable 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.

You can find the terms and conditions and tariff of charges for your Shawbrook property finance on our customer documents page.  

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.